Energy

The importance of the implementation of a natural gas corridor between Israel, Cyprus, Greece and Italy (East Med Corridor) for EU's energy security was discussed at the meeting that took place in Brussels between Commissioner for Energy Completion Maro Sefkovitc...

Ergun Olgun, the Turkish Cypriot negotiator on the issue of Cyprus' natural gas exploration said that a peace settlement will not be achieved, unless the Turkish-occupied part of Cyprus participates in the exploration and exploitation, according to Reuters. "We are...

No one seems to hear the bellowing echoes for justice in Cyprus. Ever since the Turkish military invasion of the island in 1974, trapped citizens keep asking why and what is happening to their country. Why has this elusive...

US Vice President Joe Biden recently spoke of a “new opportunity” for a “win-win” breakthrough involving Turkey, Cyprus, and Israel, and the construction of a gas “pipeline” from the Levant Basin gas fields to Greece and Europe.   The remarks came during Biden's...

Public Power Corporation (PPC) on Monday announced electricity rate increases up to 11 percent for household customers with electricity consumption of up to 800 kW over a four-month period and rate decreases of up to 3.4 percent for small and...

In the House’s summer session, 51 of the 100 MPs voted in favor of the creation and sale of the so-called “Small DEI,” which consists of 30 percent of the Public Power Company which has the monopoly of electrical...

Greek Prime Minister Antonis Samaras said "indications of the country's energy resources are extremely auspicious" at a conference Tuesday Addressing a conference concerning "The Future of Greek Gas and Power Markets: Looking Ahead with Optimism and Realism", he said more and more European partners acknowledge...

Cyprus, Greece and Israel signed a deal to cooperate over energy and aiming at securing Europe΄s energy supply yesterday. A memorandum of understanding was signed by Cypriot Energy Minister George Lakkotrypis, his Greek counterpart Yannis Maniatis and Israel΄s Silvan Shalom. A...

Oil reserves of a value of some $20 trillion have reportedly been found in South Australia, the company Linc Energy, which has the rights and makes extractions in the area) announced at the Australian Stock Market. Chief Executive Officer and...

Turkey has begun increasing the volume of gas it is exporting to neighbouring Greece, after cutting exports by two thirds without warning last week, a spokesman for Greek state gas company DEPA told DPA on Monday, February 6. The spokesman...