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EU Energy Imports Fall 11.1% As LNG Rises And Oil Declines

Eurostat data show that EU energy imports reached €336.7 billion and 723.3 million tonnes in 2025. Both value and volume have declined compared to 2022 levels. Figures reflect changes in energy demand and sourcing across the EU.

Contrasting Trends In Energy Products

Data show an 11.1% year-on-year decline in import value and a 0.6% decrease in volume. Petroleum imports recorded the largest drop, with value down 17.8% and volumes falling 6.1% compared to 2024. LNG imports increased, with value rising 35.2% and volume up 24.4%. Natural gas in gaseous form recorded a 3.4% increase in value, while volumes declined by 5.3%.

Global Sourcing Realigned

The United States, Norway and Kazakhstan were the largest suppliers of petroleum oils, accounting for 15.1%, 14.4% and 12.7% of imports, respectively. In LNG, the United States supplied 56.0% of imports, followed by Russia at 13.9% and Qatar at 8.9%. Norway accounted for 52.1% of gaseous natural gas imports, with Algeria and Russia supplying 17.4% and 10.4%.

Implications For EU Energy Policy

Import levels declined from a peak of €693.4 billion and 849.6 million tonnes. Data reflect adjustments in energy sourcing and consumption. Changes indicate shifts in supplier structure and energy mix across the EU. Further developments will depend on market conditions and policy decisions.

Robust Cyprus Construction Activity Bolsters Vassilico Cement’s 2025 Performance

Vassilico Cement Works Public Company Ltd reported a net profit of €35.52 million for 2025, supported by strong construction activity in Cyprus. Company profit reached €34.99 million, reflecting higher revenues and improved operating performance.

Domestic Market Growth Driven By Cyprus Construction

Group revenue rose to €152.75 million, while company revenue reached €152.66 million, up 11% year on year. Growth was driven by increased sales volumes in the domestic market, where construction activity remained strong throughout the year.

Enhanced Production Efficiency And Cost Management

Gross profit increased to €50.30 million at group level and €50.21 million at company level, compared with €42.49 million in 2024. The improvement reflects gains in production efficiency and cost control, supported by higher use of alternative fuels and improved electricity efficiency. These measures reduced unit costs while supporting environmental targets.

Executive Insights And Macroeconomic Outlook

Executive Chairman Antonis Antoniou said strong domestic demand supported production volumes, with the company maintaining focus on the local market and managing exports selectively. He added that favorable economic conditions in Cyprus contributed to performance, despite regulatory pressures in Europe and broader geopolitical uncertainty.

Navigating Energy And Regulatory Challenges

Future performance will be influenced by energy market volatility and European climate policy, including carbon pricing and the Carbon Border Adjustment Mechanism. Rising fuel and electricity costs continue to affect energy-intensive industries.

The company is expanding its renewable energy capacity, with a photovoltaic park reaching 16MW and plans for an additional 8MW, subject to grid connection. The investments aim to improve cost stability and energy efficiency.

Shareholder Returns And Strategic Investments

The board approved an interim dividend of €0.15 per share, totaling €10.79 million, on September 25, 2025. A final dividend of €16.55 million, or €0.23 per share, will be proposed. Combined, total dividends amount to €27.34 million, or €0.38 per share.

Management said the company will continue focusing on efficiency, cost control and sustainability as it navigates energy market pressures and regulatory requirements.

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