Results for "Michalis Damianos"

Cyprus Energy Minister Michalis Damianos has publicly refuted claims that photovoltaic and solar systems are loss-making, stating such assertions discourage investment in clean energy.

Energy Minister Michalis Damianos of Cyprus emphasized the importance of deepening regional energy cooperation and diversification at the 10th Ministerial Meeting of the East Mediterranean Gas Forum (EMGF) in Washington, citing current geopolitical developments.

Cyprus is embarking on a full energy transition phase, with the government prioritizing independence from imported fossil fuels as the only realistic option for economic stability, according to Energy Minister Michalis Damianos.

Energy, Commerce and Industry Minister Michalis Damianos said on Monday that Cyprus was focusing on stronger energy security, more investment in energy networks and pressure on the European energy…

Holding the rotating presidency of the Council of the European Union, Cyprus has put continued support for Ukraine at the top of its priorities, Energy Minister Michalis Damianos said on Tuesday, addressing the UN General Assembly marking four years since the invasion of Ukraine by Russia. He also underlined that Cyprus remains “committed to promoting […]

Cyprus's Energy Minister Michalis Damianos stated that the country does not currently face a shortage of aviation fuel, despite the Middle East conflict, and authorities are monitoring the situation.

Cyprus Energy Minister Michalis Damianos stated that fuel prices in the country are not at a bad level and current increases are not due to profiteering, with potential small reductions expected soon.

Cyprus's Energy Minister Michalis Damianos detailed the ministry's energy priorities for 2025 and 2026, acknowledging ongoing uncertainties and delays surrounding the Vasiliko natural gas project.

Cyprus will not introduce precautionary measures in response to the Middle East conflict for now, Finance Minister Makis Keravnos said on Thursday, while Energy Minister Michalis Damianos signalled…

Energy Minister Michalis Damianos affirmed that the Cyprus-Greece great sea interconnector project (GSI) remains a strategic priority and has not been suspended, with future decisions to be based on updated cost assessments.

Cypriot Energy Minister Michalis Damianos stated that small and medium-sized businesses must be central to Europe's competitiveness agenda to strengthen the EU's resilience, strategic autonomy, and industrial base.

Cyprus's Energy Minister Michalis Damianos confirmed the commercial viability of the 'Pegasus' deposit in block 10, a newly discovered offshore gas field, following a submission by a consortium of ExxonMobil and QatarEnergy.

Cyprus Energy Minister Michalis Damianos announced that his ministry is prepared to intervene immediately if unjustified fuel price increases or shortages are detected, as authorities closely monitor the impact of Middle East tensions.