Cyprus

Expro deploys its ELITE Composition™ service on offshore well in Cyprus

Expro delivered its new on-site fluid analysis service for a major oil operator in Cyprus, cutting turnaround times from several months to just hours during an exploration drilling campaign in the Eastern Mediterranean.

The $400 Million Israel-Cyprus Gas Pipeline Awaits Government Approvals

A $400 million natural gas pipeline connecting Israel to Cyprus, with a capacity of 1 billion cubic meters per year, is awaiting government approvals, according to Energean’s CEO.

European Union targets eight bottlenecks to secure its power grid

The European Commission launches a regulatory plan addressing eight major power grid blockages to reduce price disparities and strengthen energy security across the Union.
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European Union struggles to agree on new Russian oil price cap

Talks between European Union member states stall on the adoption of the eighteenth sanctions package targeting Russian oil, due to ongoing disagreements over the proposed price ceiling.

Development banks: $19.6bn invested in water-related projects in 2024

Ten multilateral development banks have approved global financing of $19.6bn for water-related projects in 2024, mainly aimed at low- and middle-income countries, according to a recent joint report.

The €4.2bn electricity project between Egypt and Greece takes shape

The Gregy-Elica submarine interconnection aims to deliver green electricity from Egypt to Greece, with confirmed support from the European Union and strengthened bilateral commitments.
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TotalEnergies and ENI Secure a Strategic Gas Agreement Between Cyprus and Egypt

TotalEnergies and ENI have reached an agreement with Cyprus and Egypt to develop the Cronos gas field. This initiative aims to convert the resources of Block 6 into liquefied natural gas (LNG) for the European market, utilizing existing Egyptian infrastructure.

ExxonMobil and Qatar Energy Relaunch Gas Exploration in Cyprus

ExxonMobil and Qatar Energy begin a strategic drilling operation off the coast of Cyprus, targeting new natural gas deposits. This initiative reflects the European Union's quest to diversify its energy supply sources.

Israel in Talks with Cyprus on ‘Possible Cooperation’ in Energy

The energy ministries of Israel and Cyprus are discussing a historic agreement for the export of natural gas, marking the first sale of Israeli gas in Europe via a pipeline.
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Agreement between Greece and Cyprus for the Great Sea Interconnector submarine cable

Greece and Cyprus are moving ahead with the Great Sea Interconnector project, aimed at linking Cyprus to mainland Europe via a 1,240 km undersea cable, a key element in the energy integration of the Eastern Mediterranean.

Energy Interconnection Europe Middle East the GSI project between challenges and opportunities

The Great Sea Interconnector (GSI) is an ambitious project to link the power grids of Cyprus, Greece and the Middle East. This strategic cable could transform the region's energy security, while raising major geopolitical challenges.

Kibo Energy acquires 36 renewable energy projects for 400 million euros

Kibo Energy PLC has signed a major agreement with ESGTI AG to acquire a portfolio of renewable energy projects worth 400 million euros. This transaction raises crucial financial and strategic issues for the future of the company.
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Development of the Aphrodite gas field in Cyprus: tensions and adjustments

The Aphrodite gas field in Cyprus' EEZ is at the center of complex negotiations between the Chevron-Shell-NewMed consortium and the Cypriot government, following differences over the proposed development plan.

BP and ADNOC explore gas investments in the Eastern Mediterranean

BP and ADNOC are in talks with Cyprus to explore gas investments, following recent discoveries in Egypt and Israel.

EBRD buys stake in Premier Energy

European Bank for Reconstruction and Development (EBRD) becomes a shareholder in Premier Energy PLC, supporting the expansion of renewable energy production capacity in Romania and Moldova.
EBRD Acquires Stake in Premier Energy to Support Renewable Energy.

Belgium: stop low-quality fuel shipments to West Africa

Belgium adopts new quality standards to suspend the export of low-quality fuels to West Africa, bringing its standards into line with those of the European Union. The new standards will limit sulfur content to 50ppm, benzene to 1% and manganese to 2mg/liter.

Stalemate on the Aphrodite gas project in Cyprus

The Aphrodite gas project in Cyprus faces a new impasse, with Chevron's plan rejected by the Ministry of Energy.

TAQA and Cyprus on the road to a New Energy Era in the Mediterranean

TAQA signs a Memorandum of Understanding with Cyprus and Greece, marking a strategic turning point in energy interconnection and the green transition in the Eastern Mediterranean.
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7 countries join the PPCA for a coal-free future

Seven countries, including the USA and the Czech Republic, commit to eliminating coal-fired power generation by 2030, marking a decisive turning point in the fight against climate change.

Cyprus and Israel in negotiations for an offshore gas pipeline

Cyprus and Israel are discussing a pipeline linking their gas fields, but Cyprus' energy minister is suggesting a maritime corridor for the transport of liquefied gas instead, stressing the importance of natural gas supply and the search for efficient alternatives.