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Pope's Visit And Meetings In Cyprus Send Strong Message Of Solidarity, President Says

Cypriot FM Invites Egyptian Counterpart To Nicosia

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ECONOMY

Pilides Underlines Natural Gas Role As Bridge Fuel

Pilides Underlines Natural Gas Role As Bridge Fuel

Minister of Energy, Commerce and Industry Natasa Pilides, talking at an extraordinary EU Energy Council in Luxembourg on Tuesday, argued in favour of natural gas being recognised as a bridge fuel through a complementary delegated act, as this would facilitate its future use by Cyprus during the transition from fossil fuels to renewable sources of energy and spoke of the need for cross-border interconnectivity.

The EU’s ministers responsible for energy discussed measures that have been proposed by the Commission to deal with the increase in natural gas and electricity prices.

Pilides also expressed her concerns about the unexpected increase in energy prices, as well as about the reactions and doubts this has caused among citizens and some governments over the EU’s climate policies.

She said that the lesson to draw from the current situation is that, regardless of policies taken on a European level and the reasons causing the price increases, vulnerable customers and small businesses must be protected.

Regarding the needs of Cyprus, Pilides said that natural gas has an important role to play as a bridge fuel for the country, and requested that the Commission move ahead with issuing a supplementary delegated act regarding the potential of natural gas during the green transition.

The Energy Minister also underlined that it is important for the Commission to take steps in three areas: (1) the speeding up of the creation of cross border interconnections to better promote renewable sources of energy, the completion of the internal market, the securing of energy provision and the creation of sufficient liquidity in the market; (2) maintaining the flexibility needed so that member states can respond on time and prevent future negative side effects, especially in the case of the more vulnerable states; and (3) the transition to a green economy through technologies such as electric energy storage.

Pilides also presented the measures that Cyprus has taken to reduce network charges, which will lead in a reduction in electricity charges from November through to February by 10%. She also mentioned measures such as supporting vulnerable customers in replacing old electric appliances, installing photovoltaic cells and upgrading the energy efficiency of their buildings.

 

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