Oil and gas

Cyprus in the final stretch towards exploiting its energy resources, Minister says as the Cabinet greenlights two important proposals

The Development and Production Plan for the Cronos field and a set of agreements, including the basic terms of the field's Natural Gas Sales Agreement were approved

12:51 - 19 May 2026

Economy

President Christodoulides: The aim is to sell the first Cypriot natural gas to Europe via Egypt in 2028

The Cabinet has made important energy-related decisions

11:12 - 19 May 2026

Economy

The risk of power cuts and the €200 million private investment that could give the system a breather

This is the first private power plant of Power Energy Cyprus Ltd, a subsidiary of the Cyfield Group

09:16 - 15 May 2026

Economy

EU indigenous gas resources a bridge to clean energy goals, Damianos says

Τhe Energy Minister stressed that, looking beyond 2030, this infrastructure must be assessed through the lens of EU’s climate and clean energy goals

08:34 - 14 May 2026

Economy

Cyprus Presidency aims to deliver a resilient, affordable energy system, Minister says

“We aim to deliver a resilient energy system capable of withstanding external shocks while ensuring that energy remains affordable,” Michael Damianos stressed

13:17 - 13 May 2026

Technology

Proteas technologies could help address energy storage needs, Damianos says

Damianos toured the research facility in Pentakomo, where he was briefed on projects involving renewable energy sources and energy storage technologies

07:51 - 12 May 2026

5478037916660524 Christodoulides Keravnos Damianou Raouna Jorgensen

Economy

We need to work together to deal with energy crisis, Commissioner Jorgensen says

Jorgensen was speaking to journalists after meeting with President Nikos Christodoulides and several government ministers

07:44 - 12 May 2026

Economy

President stresses the importance of an energy union for the EU

"Natural gas is used by many EU member states, it is not a permanent solution. It is a bridge to achieve this goal mentioned by the President of the Commission," Christodoulides said

08:58 - 29 April 2026

Economy

Moderate increase in fuel prices in Cyprus, according to Eurostat

The prices of fuels and lubricants for personal transport increased by 1.5% in March 2026 compared with March 2025, one of the lowest increases among EU Member States

08:24 - 22 April 2026

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