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Cyprus Energy Information

2018 Cyprus Key Figures

Population: 0.86 million
GDP growth rate: 3.88 %/year
Energy independence: 6.19%

* at purchasing power parity
Total consumption/GDP:* 83.4 (2015=100)
CO2 Emissions: 7.53 tCO2/capita
Rate of T&D power losses: 4.78%

Cyprus Related News

Interested in a daily & world selection of energy articles? More information on Key Energy Intelligence

Cyprus Related Research

Total Energy Consumption

In 2018, Cyprus had a per capita consumption of 2.5 toe, that is still below its peak level of 3.2 toe in 2008 and 18% below the EU average. Electricity consumption per capita was around 5 310 kWh in 2018 (11% below its 2008 level and 6% below the EU average).

Total energy consumption decreased sharply between 2008 and 2013 (-5.7%/year), but rose again until 2017 (+3.2%/year). In 2018, total consumption was stable at 2.2 Mtoe.

Oil covers 91% of the country's needs, solar heat 3%, biomass 4%, and wind 2%.

Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)

Interactive Chart Cyprus Total Energy Consumption

More research: Cyprus energy report

Crude Oil Production

Since the closure of the Larnaca oil refinery in 2004 Cyprus has imported all its oil products. The refinery was transformed into an import terminal and a storage centre. Around half of oil product imports are used for the production of electricity and about a third goes to the transport sector.

The oil storage capacities were increased from 45 days to 60 days in 2007.

Interactive Chart Cyprus Crude Oil Production

More research: EMEA Refineries Dataset

Renewable in % Electricity Production

The Cyprus Energy Agency is also in charge ofthe development of renewable energies

According the NECP, the scenario with existing measures leads to 19% of final energy demand from RES in 2030 (9.9% reached in 2017 according to the EU's definition); renewables will account for 24.4% of the power generation in 2030 (8.9% in 2017) and for 29.3% of the heating and cooling needs (24.5% in 2017).

The price of renewable electricity is regulated by CERA and varies monthly according to EAC's monthly weighted average fuel price.

Interactive Chart Cyprus Share of Renewables in Electricity Production (incl hydro)

CO2 Fuel Combustion/CO2 Emissions

Total GHG emissions reached a peak of 11 MtCO2e in 2008 and dropped by 19% between 2008 and 2013 with the deep economic recession. They have increased again since then (10 MtCO2e in 2017).

Within the EU Effort Sharing Decision, Cyprus aims to limit its non-ETS GHG emissions to -5% compared to 2005.

Total emissions from combustion increased by 80% between 1990 and 2008 to a peak of 7.6 MtCO2 and decreased sharply between 2008 and 2013. They have rebounded by 16% since then to reach 6.5 MtCO2 in 2018 (i.e. 55% above their 1990 level).

Graph: CO2-ENERGY EMISSIONS (MtCO2)

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