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


Overview

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

    Gas:

    The Natural Gas Public Company (DEFA) was created in 2007 and manages all gas-related projects in cooperation with EAC.

  • Energy Supply

    Oil:

    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

    Oil:

    In 2015, the average prices of motor gasoline and diesel were both at €1.23/l. The prices have decreased by 13% compared to 2014, while they increased by 6%/year between 2010 and 2014.

    Graph: GASOLINE & DIESEL PRICES (€/l)

    ...

  • 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...

  • GENERAL OVERVIEW
  • INSTITUTIONS AND ENERGY POLICY
  • ENERGY COMPANIES
  • ENERGY SUPPLY
  • ENERGY PRICES
  • ENERGY CONSUMPTION
  • ISSUES AND PROSPECTS
  • DATA TABLES
  • ABBREVIATIONS
  • GLOSSARY
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).


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