The long overdue construction of the liquified natural gas terminal at Vassiliko, near Limassol, is crashing into a brick wall, as the government and the Chinese-led consortium that was awarded the contract
The US energy security role is being questioned as natural gas exports receive new scrutiny. The Biden administration is reconsidering the way it licences new LNG export terminals, under pressure from climate
By Edward Moya US stocks ended the week lower lower as Wall Street gets anxious over what the Jackson Hole Symposium on August 24-26 might do to soft landing hopes. Just look
The eastern Mediterranean has been attracting increased attention from energy companies and European governments in recent weeks, as the realisation of the anticipated difficulties in securing next winter’s gas supplies sinks in.
Portfolio investors and fund managers have dumped petroleum futures and options, reversing the buying frenzy inspired by the production cuts announced by Saudi Arabia and its OPEC-plus allies at the start of
Energy markets were quite volatile over the last few weeks, as the EU issued a new efficiency directive which sets 11.7% total energy consumption reduction target by 2030. This will put increased
A long-awaited private natural gas power plant, adding to Cyprus’ energy capacity and helping to reduce CO2 emissions, is expected to be greenlighted after long delays. Larnaca District Officer, Odysseas Hadjistefanou, said
President Nicos Anastasiades believes Cyprus could transport natural gas sooner to Europe if Brussels invested in constructing the necessary infrastructure. In an interview with Germany’s Die Welt newspaper, he argued the EU
By Craig Erlam Stock markets in Europe turned lower again on Wednesday, while US futures are more mixed, similar to what we saw in Asia overnight. Conditions remain choppy in the aftermath
Cyprus will be in a position to export natural gas in the next four to five years, said the island’s Energy Minister Natasa Pilides in an interview with a Greek newspaper on
