Economy · Cyprus
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9 July
Cyprus acknowledges a potential electricity shortage by 2030, risking power outages.
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Generated by AI from the 12 sources below · always verify with the originals
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AI-synthesised from 12 sources · no editorial bias
Cyprus is facing a significant electricity supply problem projected for 2030 if natural gas is not introduced by then, as highlighted by Energy Minister Michalis Damianos during a recent parliamentary session. He emphasized that the completion of the delayed liquefied natural gas terminal at Vassilikos is essential, labeling it the country's only viable solution to avoid a power deficit.
In his statements, Damianos acknowledged the pressing nature of the issue, warning that without natural gas by 2029, Cyprus risks severe electricity shortages starting in 2030. He urged for immediate action to finalize the terminal project, which he described as a non-negotiable requirement for maintaining energy adequacy in the country.
The Energy Minister's remarks have raised alarm bells regarding potential blackouts, shifting discussions from concerns about power outages to whether the nation will have sufficient electricity to meet demand in the near future. The overarching consensus from multiple sources is that Cyprus must prioritize the introduction of natural gas to secure its energy future.
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