Energy Reports

Cyprus energy report

Cyprus energy market analysis is derived from the most recent key economic indicators, supply and demand factors, oil & gas pricing trends and major energy issues and developments surrounding the energy industry. The analysis includes a comprehensive energy market report and updated Cyprus energy market data.

Cyprus energy report
Update: November, 2016
Format: 2 files (PDF report, Excel file)
Pages: 26 (Report only)
Delivery: Immediate by e-mail


Cyprus energy market report offers an incisive and reliable overview of the energy sector in Cyprus. With a focus on oil, gas, coal and power markets, the report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2015 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities.

  • Institutions & Energy Policy

    The Republic of Cyprus represents 70% of the island of Cyprus (the northern part is the Turkish Republic of Northern Cyprus (TRNC)).

    The Ministry of Trade, Industry and Tourism is responsible for the drawing up and implementation of the national energy policy through its...

  • Energy Companies


    The Cyprus National Hydrocarbons Co. (CNHC) was created in 2013 to manage the State's stake in upstream oil and gas projects.

    In 2007, in spite of Turkey's hostile reaction, the Government launched a call for tenders for the exploitation of 11 blocks (more than 43 000 km2 of...

  • Energy Supply


    Since the closure of the Larnaca oil refinery in 2004 Cyprus has imported all its oil products. The refinery was transformed into an imports terminal and a storage centre (capacity of 185 000 bbl/d). Around half of oil product imports are used for the production of electricity and about a third...

  • Energy Prices


    In 2015, the price of electricity was €19.c/kWh for households and €12.7c/kWh for industry. The prices for households decreased by 33% and 40% for industry since 2012.

    A tax of €0.13c/kWh was introduced in 2003 to finance renewable energy and energy efficiency projects.


  • Energy Consumption

    Cyprus had a per capita consumption of 2.6 toe in 2015, which is well below its level of 3.3 toe in 2008. Electricity consumption per capita was around 4 900 kWh in 2015 (15% below its 2008 level).

    Total energy consumption increased by 10% in 2015 to 2.2 Mtoe. It decreased sharply between...

  • Issues & Prospects

    Cyprus recovered in 2015 from the deep recession which struck the country between 2008 and 2014.

    Following the important discoveries of offshore gas, Cyprus is positioning itself as a gas importer in the medium term, before becoming a gas exporter as of 2020. Moreover, it is diversifying...

Download the Table of Contents

In the Cyprus market report you will find the graphs mentioned below:

  • GRAPH 1: CO2-energy Emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2015, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2015, %)
  • GRAPH 5: Gasoline & diesel prices (€/l)
  • GRAPH 6: Electricity prices for industry and households (€c/kWh)
  • GRAPH 7: Consumption trends by energy source (Mtoe)
  • GRAPH 8: Total consumption market share by energy (2015, %)
  • GRAPH 9: Final consumption market share by sector (2015, %)

In the Cyprus market report you will find follow tables:

  • Economic Indicators: Annual historical data including population, GNP growth, imports & exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
  • Supply Indicators: Historical data including oil & gas reserves, electric & refining capacity, energy production, power production and external trade. All detailed by energy source.
  • Demand Indicators: Historical data includes consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source & sector, and, electricity consumption by sector.
  • Energy Balances: Unique tabular display of the overall energy industry balance per annum, also graphically displayed by energy sub-segment.

The Cyprus market data since 1990 included in the Excel file is given below.
Historical evolution allows to easily work with the data.

2015 Key Data included in the excelsheet:

  • Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
  • Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
  • Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
  • Energy Balance: total and per energy.
  • Cyprus Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Cyprus energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).

Back to the market reports
Secured payment by Banque Populaire des Alpes VISA MASTERCARD