EU Energy Costs Rise by More Than €22 Billion in 44 Days, von der Leyen Says
European Commission President Ursula von der Leyen said the European Union’s fossil‑fuel import bill has risen by more than €22 billion in the 44 days since the latest Middle East…
Turkey’s Çağrı Bey drillship departs Mogadishu for first overseas deep‑sea well
Turkey’s ultra‑deepwater drillship Çağrı Bey has left Mogadishu Port and is en route to the CURAD‑1 well site, where it will carry out Turkey’s first deep‑sea drilling operation abroad, the…
Cyprus continues to have some of the lowest fuel prices, Minister says
Cyprus continues to have some of the lowest fuel prices in the European Union, Finance Minister Makis Keravnos has calimed. Keravnos told reporters that rising fuel costs are not a…
Cyprus has strategy to transform into energy market
Cyprus has a comprehensive strategy to transform the island into a sustainable, competitive and interconnected energy market, Energy Minister Michalis Damianou has said. Speaking at the International Conference on Climate…
Consumer Group Alleges Fuel Stations Withheld Full Tax Cut
Cyprus’ Consumers Association issued serious allegations, claiming that several fuel stations failed to pass on the full benefit of the government’s reduction in the consumption tax on fuel. In a…
Fuel Tax Cut Takes Effect in Cyprus
A reduction in the consumption tax on fuel will take effect today, the Finance Ministry confirmed. The measure was presented Thursday in an emergency session of Parliament’s Finance Committee and…
EU Must Strengthen Energy Security, Cyprus Minister Says
The European Union must reinforce its energy‑supply security amid rising prices driven by ongoing conflicts, Cyprus Energy Minister Michalis Damianou said Tuesday at an emergency meeting of EU energy ministers…
Cyprus, Egypt Sign Agreement to Advance Gas Development in Cypriot Waters
Cyprus and Egypt have signed a framework agreement in Cairo to advance the development of natural‑gas fields in the Republic of Cyprus’ Exclusive Economic Zone, including the “Cronos” and “Aphrodite”…
Cyprus–Egypt Cooperation Has “No Limits,” President Christodoulides Says in Cairo
President Nikos Christodoulides said Monday that cooperation between Cyprus and Egypt has “no limits,” highlighting energy as a central pillar of the two countries’ strategic partnership. Speaking at the EGYPES…
Union Presses AHK to Challenge Electricity‑Market Amendments in Court
The EPOPAI union is urging the Electricity Authority of Cyprus to take its case to the Supreme Court, arguing that amendments to the electricity‑market law passed by Parliament three weeks…