Energy in Cyprus

  • US LNG exports make European market more competitive

    ALBANIA, 2017/08/27 The European gas market is becoming additional and additional competitive and US exports of liquefied natural gas (LNG) are part of this landscape, Francis Perrin, energy expert, chairman of Energy Strategies and Policies (France) told Trend. “Energy is always a strategic business. Economic aspects are very significant of course, particularly the price of LNG, but nations as well take into account strategic issues. For some Central and Eastern European nations one of the key priorities of their energy policies is the diversification of their supplies, in particular gas imports, in order to reduce their dependence on Russia,” said the expert.

  • Cyprus, Egypt sign gas export pipeline deal

    CYPRUS, 2016/09/01 Cyprus and Egypt signed a transaction on Wednesday paving the way for detailed negotiations on a submarine pipeline to export natural gas from the Mediterranean island to its energy-starved neighbour. Cyprus has been eager to fasten alternative ways to exploit its offshore reserves next proven finds so far were insufficient to make a planned liquefied natural gas plant on the island's south coast financially viable. Cyprus Energy Minister Georgios Lakkotrypis, and Egypt's Minister of Petroleum and Mineral Resources Tarek El Molla signed the agreement clearing the way for further negotiations on construction of the pipeline from offshore fields in Cyprus's exclusive economic zone to Egypt, where the gas will be used either for domestic consumption or re-export.

  • Cyprus: Delek extends tender offer for supply of natural gas

    CYPRUS, 2014/08/20 Israel's Delek Group announced that its gas subsidiaries have accepted a request from the Cyprus national gas distributor DEFA to postpone the period of validity of the proposition and acceptance in its terms of a binding agreement for the supply of natural gas, from August 15 to November 30 as Financial Mirror online reported. DEFA launched on January 25 an open competition for the supply of natural gas, for a period of up to ten years, commencing January 1, 2016.

  • Israel-Greece-Cyprus power

    CYPRUS, 2013/08/12  Israel, Greece and Cyprus on Wednesday signed an agreement in Nicosia for the linking of their electricity grids via a 2,000-megawatt underwater cable - known as the EuroAsia Interconnector, which is part of the European Union's Projects of Common Interest plan, daily Kathimerini reports. Israeli Energy Minister Sylvan Shalom hailed the signing of a memorandum of considerate on issues of energy and water resources between the three nations as ''of historic significance.'' He said relations between Israel and Cyprus were better than ever and that the memorandum will further strengthen them.

  • Cyprus is studying LNG export expansion

    CYPRUS, 2013/07/16 Cyprus is studying an expansion of planned natural gas export capacity to help revive economic increase, as Kathimerini reported quoting Bloomberg. The country may build as a lot of as five liquefied natural gas production lines, or trains, in addition to a planned USD 12 billion, three-train terminal near Limassol, according to Cyprus National Hydrocarbons Co, in charge of all gas developments. “Three trains won’t be enough,” Chief Executive Officer Charles Ellinas said. “We may have land available for eight trains, to as well make sure we can accommodate gas from Israel and Lebanon.” Cyprus plans to start LNG exports in 2020 next it invited international companies to explore offshore.

  • Giorgos Lakkotrypis energy minister cyprus

    CYPRUS, 2013/06/05 Cyprus expects to start selling its natural gas reserves around the year 2020, trade and energy minister Giorgos Lakkotrypis said yesterday, as local media statement. He was speaking at a press conference following a conference held at the Presidential Palace, where he laid out to the President and the Cabinet a preliminary road map for the monetisation of natural gas believed to lie within Cyprus' Exclusive Economic Zone (EEZ).

  • Cyprus hits Turkey with 1 bln euros electricity bill

    CYPRUS, 2013/04/26 The Republic of Cyprus has called on Turkey to pay a 1 billion euros bill on the behalf of the Turkish Republic of Northern Cyprus (TRNC, recognized only by Ankara), arguing that the Turkish Cypriots had not paid for any electricity bill since they separated in 1963, as daily Hurriyet reports.

  • Cyprus gets 17 bids for natural gas supply 2012-10-31

    CYPRUS, 2012/10/31 更多     Cyprus gets 17 bids for natural gas supply
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