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Cyprus Key Figures

Population:
1.25 million
GDP growth rate:
5.63 %/year
Energy independence:
9.06%

Data of the last year available: 2022

Total consumption/GDP:*
70.2 (2005=100)
CO2 Emissions:
4.86 tCO2/capita
Rate of T&D power losses:
4.59%

* at purchasing power parity

View all macro and energy indicators in the Cyprus energy report

Cyprus Related Research

Benefit from up to 2 000 up-to-date data series for 186 countries in Global Energy & CO2 data

A data overview is available in the global energy statistics app

Total Energy Consumption

In 2022, Cyprus had a consumption per capita of 1.8 toe, that is still below its peak level of 2.4 toe in 2008 and nearly 40% below the EU average. Electricity consumption per capita was 3 825 kWh in 2022, 14% below its 2010 level and 31% below the EU average.

Total energy consumption slightly increased in 2022 (+1.9%) to 2.2 Mtoe. Previously, it had increased by an average of 2.5%/year over 2013-2019, while total consumption declined by 7.6%/year over 2010-13.

Interactive Chart Cyprus Total Energy Consumption

Benefit from up to 2 000 up-to-date data series for 186 countries in Global Energy & CO2 data

View the detailed fondamentals of the market at country level (graphs, tables, analysis) in the Cyprus energy report

Crude Oil Production

Since the closure of the Larnaca oil refinery in 2004 Cyprus has imported all its oil products. The refinery was transformed into an import terminal and a storage centre.

Since 2008, imports of oil products have declined by 1.7%/year to 2.4 Mt in 2022. Israel accounts for 36% of these imports, followed by Greece (30%) and Italy (19%) (2022).

Interactive Chart Cyprus Crude Oil Production

Benefit from up to 2 000 up-to-date data series for 186 countries in Global Energy & CO2 data

Additionally, for more detailed information on refineries, you can request a sample of our EMEA Refineries Dataset

Renewable in % Electricity Production

The Cyprus Energy Agency is also in charge ofthe development of renewable energies. The 2020 target of a 13% share of renewables in final energy consumption was exceeded, with 16.9%. In 2022, this share reached 19% (17% for electricity, 41.6% for heating and cooling, and 7.2% for transport).

The updated NECP (2023) set a target of 31 to 34% of renewables in final consumption by 2030.

Interactive Chart Cyprus Share of Renewables in Electricity Production (incl hydro)

Benefit from up to 2 000 up-to-date data series for 186 countries in Global Energy & CO2 data

Learn more about renewables in the European Battery Market Analysis

CO2 Fuel Combustion/CO2 Emissions

Cyprus' updated NECP should include a 32% reduction target in GHG emissions by 2030 compared to 2005; according to scenarios highlighted in the draft update (2023), GHG emissions could decline by 23% by 2030. Additional measures should be included in the final NECP by June 2024 to fill the gap.

In 2021, total net GHG emissions reached 8.5 MtCO2-eq, +2.7% compared to the previous year and -6.5% below the 2005 level. GHG emissions decreased by 22% between 2008 and 2013 and have increased until 2017 before stabilising.