News

19/12/24 The Cypriot government is “ready” to begin consultations with both Greece’s independent transmission system operator ADMIE and the country’s energy ministry to find an agreement on “all matters” related to the Great Sea Interconnector, Energy Minister George Papanastasiou said. On this matter, he was asked about reported “American concerns” over the feasibility...

29/11/24 ENERGY RELATED NEWS Philenews with the title: “A new critical test for geopolitical risk is approaching” reported that the surveys of Italian research vessel IEVOLI RELUME (and another one) for the needs of the Cyprus-Greece electrical interconnection are currently being carried out within the territorial waters of the two countries but soon will be carried...

31/10/24 Energean has completed a significant investment to increase oil production at its Karish field off Israel’s coast, with critical equipment being shipped through Limassol port. The M10 equipment (second oil train module) for the FPSO Energean Power was loaded onto a specialist vessel at Limassol port for transport to the offshore site....

26/09/24 The Ministry of Environment and Energy of Greece has filed to Greek Parliament the amendment that includes the arrangement for the equal sharing of geopolitical risk between Greece and Cyprus, for the Great Sea Interconnector. The regulation is included in the draft law of the Ministry of National Economy on...

28/08/24 Decisions regarding the electricity connection between Cyprus and Greece need to be taken sometime in the next few weeks, Energy Minister George Papanastasiou said. Cyprus, he noted, is the only remaining EU member state not connected to the common electricity market. The minister described the interconnector as one of the three...

27/07/2024 The Legal Service will be consulted first, and then the Ministry of Transport will respond to the complaints of Kition Ocean Holdings, according to a statement. In a letter it made public yesterday, Kition Ocean Holdings blamed authorities for botching the handover of operations and equipment at the Larnaca port and marina area and said it...

25/06/24 Turkish Cypriot leader Ersin Tatar called a meeting last Friday to discuss the Cyprus problem and the recent remand of Turkish-Israeli businessman Simon Mistriel Aykut, who is in custody for developing on Greek Cypriot property worth €43 million. He called on the Republic to use “common sense” regarding the Immovable Property Commission...

The new plague known as the corona virus keeps the world on alert. The price of the oil stock prices was already worryingly low. In the energy market, the mineral better known as black gold (oil) has been unstable since 2018.The new virus definitely caused the price to drop to...