Search

121. Europe agrees to compromise deal on gas rations as Russia squeezes supply

European Union governments agreed Tuesday to ration natural gas this winter to protect themselves against any further supply cuts by Russia as Moscow pursues its invasion of Ukraine....

122. European nations asked to immediately start rationing natural gas

To avoid energy shortages that would stall economic growth and leave households cold in the winter as Russia weaponizes its gas exports, European countries should immediately start rationing use of the fuel, the European Commission said on Wednesday, and cut their use 15 percent until next spring....

123. Putin will restart gas pipeline to Europe, but with conditions

Russian President Vladimir Putin signaled that Europe will start getting gas again through a key pipeline, but warned that unless a spat over sanctioned parts is resolved, flows will be tightly curbed....

124. What is the agenda for the Eastern Mediterranean?

In recent years, Cyprus, Greece and Israel have significantly intensified their political, energy and military relations....

125. 'Nightmare' scenario for Europe as Russia shuts off gas pipeline

The main natural gas pipeline between Russia and Germany shut down for scheduled maintenance Monday, raising concerns that Moscow could use the repairs as a pretext for a longer shutdown as it wields energy supplies as leverage in the Ukraine war....

126. EastMed feasibility study hindered due to Turkey's harassment

The commercial viability study of the EastMed pipeline is not proceeding as planned because Turkey is "interfering with the Nautical Geo ship conducting environmental surveys," Foreign Minister Ioannis Kasoulides told the Parliamentary Committee on Foreign Affairs....

127. Germany a step closer to rationing after Russia cuts gas supplies

The German government formally placed its energy market on a war footing Thursday over Russia's sharp reduction of gas supplies, telling households to reduce consumption and warning that industrial output will be hit. ...

128. Cyprus plays supporting role in LNG arena

After years of trying to locate and extract natural gas from its EEZ, Cyprus' prospects continue to stagnate due to the current geopolitical conditions, the Cyprus issue, and the fact that the research, although promising, has not yet yielded the large quantities that were found in the EEZ of Egypt and Israel....

129. 'EuroAsia Interconnector will help free EU from energy dependence'

Tapping into Israel’s vast renewable sources of energy will help reduce the EU’s dependence on Russia, European Commission President Ursula von der Leyen said during her visit to Israel, highlighting the importance of Cyprus and Greece in securing energy supply....

130. Global IPO market experiences significant slowdown in Q1 2022

131. Nicosia in waiting game for LNG supply and distribution

In her speech in Davos on Tuesday in front of an audience of businessmen and political leaders, EC President Ursula von der Leyen appeared to put Cyprus on center stage for the supply of liquefied natural gas (LNG) for the European Union, announcing that "soon" LNG terminals will operate in Greece, Cyprus and Poland....

132. Europe agrees to ban 90% of Russian oil

European Union leaders agreed Monday to embargo most Russian oil imports into the bloc by year-end as part of new sanctions on Moscow worked out at a summit focused on helping Ukraine with a long-delayed package of new financial support....

133. European unity tested as talks on Russian oil embargo drag on

Europe's united front against Moscow is being put to the test as countries struggle to agree on a ban on Russian oil imports....

134. Cyprus now an important player in LNG arena

The EU produces LNG from naphthalene in Cyprus An important step is the support from the Commission that is expected to shuffle the energy deck of the Eastern Mediterranean...

135. Orban gets his way as EU bans Russian oil

The European Union on Thursday gave its final approval to new sanctions on Russian oil and top bank Sberbank, after much wrangling with Hungary, as punishment for Russian President Vladimir Putin's Feb. 24 invasion of Ukraine...

136. EU's von der Leyen: LNG in Cyprus and Greece

European Commission President Ursula von der Leyen's speech at the World Economic Forum in Davos and what she said about the energy sources of the Old Continent is essentially the first step in the role that the Eastern Mediterranean and its reservoirs can play in the EU's efforts to cut its dependence on Russian hydrocarbons....

137. EU Energy Commissioner: 'Cyprus has enormous potential in terms of solar and wind energy production.'

In the wake of rising energy costs due to Russia's invasion of Ukraine, Kathimerini sits down with EU Commissioner for Energy, Kadri Simson, to discuss the EastMed pipeline, Europe's push toward Green energy and the potential for Cyprus to ensure its citizens both affordable prices and energy security by developing solar and wind power....

138. Russia cuts electricity to Finland

Russia will suspend electricity supplies to Finland this weekend, a supplier said on Friday as tensions rise over Helsinki's NATO bid amid Moscow's military campaign in Ukraine....

139. Cypriot former FM announces 'non-combative' 2023 run

Cypriot former foreign minister Nikos Christodoulides announced Thursday his non-partisan candidacy for president, with the career diplomat deviating from political norms and promising an all-inclusive, non-combative race...

140. Price hike of raw materials affecting developers and construction costs

The construction industry is suffering as the price hike of raw materials continues, with developers crushed under higher costs as they are deprived of Russian money....

141. EU to propose import ban on all Russian oil

Brussels will propose a phased-in ban on imports of all Russian oil as member states prepare to discuss a sixth package of penalties against Moscow for its invasion of Ukraine....

142. Cyprus to export natural gas by 2026, Energy Minister says

Cyprus is hoping to begin exporting its natural gas from the “Aphrodite” gas field by 2026, Minister of Energy, Commerce and Industry, Natasa Pilides, has said....

143. Cyprus and EU economies facing a 'twin problem' following the war in Ukraine

The EU and Cyprus economies are facing a “twin problem” of rising commodity and energy prices and heightened uncertainty following the invasion of Russia in Ukraine, according to discussions held by the Nicosia Chamber of Commerce and Industry and the European Investment Bank (EIB)....

144. Cyprus energy hub hopes hanging by a thread

Nicosia is eagerly awaiting news any day now that could potentially revive the island’s hopes in the energy game, with all eyes on whether a UK-based company with contracts in Israel could find enough gas to bypass red tape and send some of it to a friendly neighbor’s hub...

145. ‘Immediate solutions’ test Cyprus’ take on EastMed

A US energy official urged Nicosia to seek 'other options' if the island wanted to get energy quickly into markets, with Italy doing just that earlier this week when Rome clinched a deal with Algeria to replace Russian gas imports through the Transmed pipeline...

146. Nuland for EastMed: Not economically viable and will take too long

"Countries in this region have realized that dependence on Russian oil and gas is extremely bad and there is a convergence of interest in diversifying sources of supply, even as we work to move to green energy," according to US Undersecretary of State Victoria Nuland after her meeting this morning at the Presidential Palace with the President of the Republic, Nicos Anastasiadis....

147. Nuland: New pipelines will be needed in the eastern Mediterranean

New gas discoveries and pipelines will need to be made in the eastern Mediterranean, US Assistant Secretary of State Victoria Nuland said after her meetings in Turkey, adding that "it is in our interest to have strong relations between Turkey and Israel....

148. Lithuania becomes first EU country to cut off Russian gas

Lithuania became the first European Union country to end its dependence on Russian gas, according to its energy minister....

149. Anastasiades: 'We have nothing against Russians, only their government's actions'

"As a country that has been invaded and continues to be occupied, we are obliged, as a matter of principle, to stand with the Ukrainian people and denounce the Russian invasion of Ukraine....

150. US sees key role for East Med in new energy landscape

Washington has stressed the renewed importance of the eastern Mediterranean region in the wake of Russia’s invasion of Ukraine and Europe’s need to cut energy dependence on Russia....