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  • Israel may have started to supply Cyprus with natural gas by early 2016.


    According to the Reuters` recent report, Europe must be looking for new oil and gas sources in order to diminish its dependence on Russia. The report also pointed out the probability of the Russia`s energy sector being affected by economic sanctions, which could be imposed on it by the West. Giving their review of new possible sources of hydrocarbons for Europe`s energy needs, they mentioned the allegedly abandoned plans Israel to pump its gas into a LNG plant in Cyprus. This future plant at the power station Vasilikos in Limassol will be able of delivering about 5 million metric tons of gas per year to European and Asian countries.

  • Cyprus may have returned to international markets by the end of 2015.


      The Cyprus government believes that Cyprus may return to international markets in the very near future. On April 10, the President Nicos Anastasiades said in his interview with Reuters, that this may have happened as early as by the end of 2015. 

  • Despite the severe drought, the water rationing is out of the question.


    The average rainfall for the year is about 437 mm. So this year with only 204 mm of rainfall recorded so far, has become the worst one since 1901. At that time, the Cyprus weather service first started to record an annual rainfall. However, no cuts to the domestic water supply should be expected in the near future because, due to good rainfall during the previous two years, the Cyprus dams at present are far from empty.

  • A new photovoltaic station in Cyprus is due to start producing power in October, 2014


     The new solar park in Tsery (Nicosia district), which is being constructed by the Greek company AKTOR ATE, is to be completed in October. This huge photovoltaic station of 12 000 solar panels, which covers the area of 4.6 hectares, will be producing 5,000 MWh per year. Besides that, it will be saving around 3,500 tonnes of CO2 emissions at the same time. The cost of this new impressive project is 3.3 million Euros.