The price of natural gas in Europe reached its highest level since January 2023, hitting 74.14 euros per megawatt-hour due to the escalation of hostilities between the US and Iran. (translated)
The Minister of Energy, Michalis Damianos, announced that the arrival of natural gas in Vasilikos and the storage of solar energy are expected to reduce electricity prices by 20-25%, while the government is working on the completion of the Great Sea Interconnector (GSI) and the better utilization of solar energy. (translated)
The former Minister of Energy, Giorgos Papamanstasiou, emphasized the importance of implementing energy infrastructure and strategic planning to reduce electricity costs in Cyprus, noting that the introduction of natural gas and the enhancement of Renewable Energy Sources are key to cheaper power. (translated)
Egypt is re-entering the LNG market through the "Cronus" field in the Cypriot exclusive economic zone, which aims to produce natural gas for export to Europe and may pave the way for further energy discoveries in the region. (translated)
European natural gas reserves are at a five-year low, with only 63.28% of storage capacities full, indicating a difficult winter period due to high wholesale prices and reduced liquefied natural gas production. (translated)
According to Goldman Sachs, European natural gas prices are likely to exceed 100 euros per megawatt hour in December, due to limited supplies and supply chain issues stemming from the war between the US and Iran. (translated)
At high two-year levels, natural gas (Dutch TTF Gas Futures-euros/MWh) prepares for a difficult energy and economic winter. A burdensome factor is the low European reserves. Mitsotakis played the lobbyists' game of the "gas producers" at the expense of energy autonomy and (translated)
Ukrainian forces announced that they attacked and destroyed two units of the Russian natural gas complex Novatek at the port of Ust-Luga in the Baltic, causing damage and fire. (translated)
Natural gas stocks in Europe have reached 59%, the lowest level since 2009, ahead of winter, with concerns rising due to the conflict in the Middle East and limited exports from Qatar. (translated)
Europe is facing a new energy crisis due to concerns about the availability of natural gas ahead of winter, as reserves are at 58% and are affected by the war in the Middle East, despite the European Commission stating that there is no immediate concern regarding supply security. (translated)
Cyprus is planning to enter a new energy era with the first production of natural gas from the "Cronus" field in 2028, amid strategic plans for the development of other fields and electrical interconnection with Europe. (translated)
Egypt, in cooperation with ExxonMobil and QatarEnergy, is moving forward with a plan to connect the Cypriot natural gas fields to Egypt's infrastructure in order to facilitate the export of natural gas to international markets through Egyptian facilities. (translated)
Ukraine needs an additional 400 million euros for natural gas purchases ahead of winter, as it expects an increase in Russian military attacks in the energy sector. (translated)
Turkish media report that the Republic of Cyprus is proceeding with unilateral actions for the exploitation of natural gas, ignoring the rights of the Turkish Cypriots, while the UN Secretary-General is in Cyprus for talks with both sides. (translated)
Το ΔΗΚΟ αναφέρθηκε σε ιστορική μέρα για την Κύπρο, καθώς η κοινοπραξία ΕΝΙ - TOTAL ανακοίνωσε την τελική επενδυτική της απόφαση για την εξαγωγή φυσικού αερίου από το τεμάχιο «ΚΡΟΝΟΣ» προς την Ευρωπαϊκή Ένωση μέχρι το 2028, επισημαίνοντας την επιτυχία των διαδοχικών κυβερνήσεων και την συμβολή των Υπουργών Ενέργειας. #ΔΗΚΟ #ΦυσικόΑέριο #ΕνεργειακήΠολιτική
The road opens for the exploitation of Cypriot natural gas – Eni and TotalEnergies have received Final Investment Decision for the development of the "Kronos" field. We welcome the receipt of the Final Investment Decision by the Eni and TotalEnergies consortium for the development. (translated)
We have a historic development. The ENI - TOTAL consortium has announced its final investment decision for the export of natural gas from the "KRONOS" block to the European Union by 2028. After 19 years of intense efforts, the energy policy of Cyprus (translated)
Η Eni ανακοίνωσε την Τελική Επενδυτική Απόφαση (FID) για την ανάπτυξη του κοιτάσματος «Κρόνος» στην κυπριακή ΑΟΖ, με στόχο να φτάσει το πρώτο φυσικό αέριο στην αγορά το 2028, ενισχύοντας τη θέση της Κύπρου ως παραγωγού και εξαγωγέα φυσικού αερίου στην Ευρώπη. #Ενέργεια #φυσικόαέριο #Κύπρος
The ENI - TOTAL consortium has announced today its final investment decision for the export of natural gas from the "KRONOS" block to the EU by 2028. The 19-year effort now bears fruit. Congratulations are due to all the successive governments that... (translated)
Turkey continues its provocations, trying to lay a cable in the occupied territories, while at the same time attempting to build a bi-directional gas pipeline. For this reason, I raised the issue with an official question to Kaja Kallas, the High Representative of the EU, asking the EU to take a clear stance. (translated)
