Energy

Energy‑storage projects will play a key role in improving the management of electricity produced from renewable sources, reducing curtailments and strengthening grid stability, Cyprus’s energy minister said. Michalis Damianou spoke…

Greece, Cyprus, Israel and the United States announced the creation of a new Eastern Mediterranean Energy Center following a “3+1” energy ministers’ meeting held Saturday in Houston, according to a…

Israel has launched a new national renewable‑energy plan that aims to more than triple the country’s clean‑energy capacity by 2035, the Ministry of Energy and Infrastructure said. The strategy focuses…

A final investment decision on the “Cronos” gas block in Cyprus’ exclusive economic zone is expected in June, Energy Minister Michalis Damianou said. He said that agreements approved by the…

Saudi Arabia is providing Yemen with $150 million worth of oil derivatives to help keep power stations running across the country. The Saudi Development and Reconstruction Program for Yemen said…

Fuel prices in Cyprus are expected to fall over the next 10 days, driven by the recent drop in international oil prices, according to Savvas Prokopiou, president of the Cyprus…

Cyprus recorded an almost 16% increase in prices for fuels and lubricants used in personal transport this April compared with the same month last year, according to new data from…

ExxonMobil is in talks with the Cypriot government over acquiring rights to a new offshore block in the island’s claimed exclusive economic zone, according to Politis, citing a report in…

Unions at the Electricity Authority of Cyprus warned that a government plan to compensate households for excess electricity produced by rooftop solar systems could lead to further increases in power…

Mounting supply losses from the Strait of Hormuz are depleting global oil inventories “at a record pace,” and further price volatility is likely ahead of peak summer demand, the International…