Cyprus’ Energy Paradox: High Petroleum Dependence Amid A Renewable Energy Surge In The EU

by THEFUTURE.TEAM

Overview

Recent data from Eurostat’s 2026 edition of Energy in Europe show that Cyprus remains one of the most petroleum-dependent countries in the European Union. In 2024, 86% of the country’s available energy came from fuel oil and petroleum products. Energy imports accounted for 96% of Cyprus’ total supply, placing the country among the most import-dependent energy markets in the EU.

Rising Renewable Energy Production

Despite its reliance on imported hydrocarbons, Cyprus has recorded notable progress in renewable energy production. Renewable sources now account for 96% of the island’s domestic energy output. This places Cyprus among the EU countries with the highest share of renewables in domestic production, alongside Malta (100%), Latvia (99%), and Portugal (98%).

EU Energy Mix: A Broader Perspective

Across the European Union, the overall energy mix remains more diversified. In 2024, 43% of energy consumption was covered by domestic production, while 57% came from imports. Fuel oil and petroleum products accounted for 38% of the EU’s energy portfolio, followed by natural gas (21%), renewable sources (20%), nuclear energy (12%), and solid fuels (10%).

Dominance Of Renewables In Production

Renewable energy sources led EU energy production in 2024, representing 48% of total output. Nuclear energy followed with 28%, while solid fuels accounted for 15%, natural gas for 5%, and fuel oil for 3% of the EU’s domestic energy production.

Divergent National Energy Profiles

Energy production and dependency vary significantly across EU member states. Countries such as France (71%), Slovakia (67%), and Belgium (56%) rely heavily on nuclear power. Other economies remain strongly dependent on solid fuels. Poland (65%) and Estonia (51%) are among the most coal-reliant countries in the bloc. Smaller economies tend to display higher levels of energy import dependency. Malta (98%), Luxembourg (91%), and Cyprus (88%) rely heavily on imported energy, while Estonia records one of the lowest import dependencies in the EU at just 5%.

Conclusion

The Eurostat report highlights the complex structure of Europe’s energy landscape. Cyprus remains highly dependent on petroleum imports while simultaneously increasing the share of renewables in its domestic energy production. This dual reality reflects the broader challenge facing many European economies as they seek to strengthen energy security while advancing the transition toward more sustainable energy systems.

Back

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter