New container generator in Northern Cyprus

How can Cyprus improve its energy future?

This includes speeding up the import of natural gas, increasing the contribution of renewable energy sources, and finalizing the opening of Cyprus' competitive electricity market by 2025. These efforts aim to ensure a more secure and sustainable energy future for the island.

How will the FSRU transform Cyprus' energy sector?

The Minister also highlighted that the FSRU’s deployment is one piece of a broader plan to transform Cyprus’ energy sector. This includes speeding up the import of natural gas, increasing the contribution of renewable energy sources, and finalizing the opening of Cyprus' competitive electricity market by 2025.

Will the 'Prometheus' be able to meet Cyprus' energy needs?

The 'Prometheus' has faced significant setbacks after becoming embroiled in a scandal surrounding the Vasilikos terminal project. However, Papanastasiou expressed confidence that the unit’s deployment would help meet Cyprus' energy needs and advance the government's goal of reducing the country’s energy dependency.

Why is Cyprus making a 'Cyprus made' brand?

While the energy sector is a key focus, the Minister also discussed the government’s strategy to boost Cypriot exports through the launch of a “Cyprus Made” branding initiative. This move is designed to promote Cyprus as a distinctive and high-quality producer of goods and services on the global market.