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Cyprus Energy Information

2019 Cyprus Key Figures

Population: 1.20 million
GDP growth rate: 3.23 %/year
Energy independence: 7.05%

* at purchasing power parity
Total consumption/GDP:* 81.4 (2015=100)
CO2 Emissions: 5.31 tCO2/capita
Rate of T&D power losses: 3.27%

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 2019, Cyprus had a per capita consumption of 1.9 toe, that is still 21% below its peak level of 2.4 toe in 2008 and 38% below the EU average. Electricity consumption per capita was around 4 000 kWh in 2019 (8% below its 2008 level and 29% below the EU average).

Total energy consumption decreased sharply between 2008 and 2013 (-5.6%/year) but rose again until 2017 (+3.6%/year). It has been stable since then at 2.3 Mtoe in 2019.

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 to produce electricity and about a third goes to the transport sector (2019).

KOSMOS has a total oil product storage capacity of 575 kt (2019), enough to cover 90 days of oil product consumption.

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

The NECP sets a target of 23% of renewables in gross final energy consumption by 2030, including at least 26% in electricity, up to 39% for heating and cooling and up to 14% for transports. The 2020 target (13%) was exceeded in 2018, with 13.9% of renewables in final energy consumption (including nearly 37% in heating and cooling, 9.3% in electricity and 2.7% in transport).

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 to reach 9.8 MtCO2e in 2018 (-1.3% to previous year).

Cyprus' NECP aims to reduce GHG emissions by 24% by 2030 compared to 2005, including -24.9% in ETS sectors and -20.9% in non-ETS sectors (including industry, waste, and agriculture).

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