OVERVIEW
Cyprus is not currently producing any primary sources of energy
(other than renewables). It is considered a heavily
energy-receiving country, as over 90% of its energy comes from
imports. It has no electrical or natural gas interconnections with
other countries and, therefore, has an isolated energy system.
The country's dominant source of energy in all sectors,
including transportation and electricity generation, is imported
petroleum products, which contribute over 90% to the country's
gross final energy consumption. In relation to electricity
generation itself, approximately 91.6% of it is produced from
imported petroleum products. The European Commission has ranked
Cyprus as one of the most vulnerable countries in the EU in terms
of energy dependency and security of energy supply. The import of
petroleum products accounts for approximately 30% of all the
country's imports, which is a heavy burden on its balance of
payments and reveals its vulnerability
