Fresh gas discoveries in North Africa give Mediterranean energy security a leg up
Italian energy major Eni has announced two new offshore gas discoveries in Libyan waters, signaling a boost to North Africa's hydrocarbon reserves and potentially enhancing broader Mediterranean energy security by diversifying regional supply options.
Offshore Energy · March 17, 2026
Government hints at extending VAT relief as Iran war squeezes Cyprus household costs
The Cypriot government is actively evaluating the extension of existing cost-of-living support measures, including VAT relief, beyond their initial April 1st expiration, as it closely monitors the escalating economic pressures on households, primarily driven by rising fuel and energy costs stemming from the ongoing Middle East conflict.
In-Cyprus · March 17, 2026