Tag: Gas
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Despite low inflation estimates for tomorrow, inflation remains lagging
Despite low expected inflation rates coming out tomorrow by Eurostat, the renewed escalation of the war in the Persian Gulf risks pushing inflation back onto an upward trajectory in July. Eurostat’s preliminary estimate has already placed Euro-area inflation at 2.8% in June, down from 3.2% in May, while Malta’s rate is estimated to have fallen…
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Celebrating foreign dependency with Miriam Dalli
Energy Minister Miriam Dalli is currently celebrating that EU has approved funding for a new gas pipeline from Italy to Malta, which is intended to be used for a hydrogen project. She is also celebrating progress in the construction of a new interconnector cable from which we will be importing electricity from Sicily. Supposedly, we…
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Europe uses more gas and more nuclear and less oil in 2025 for electricity production
According to the latest Eurostat figures, Europe used more gas and slightly more nuclear energy for electricity generation in 2025, while oil and coal continued to decline. Renewable energy sources remained the largest source of electricity generation in the EU, accounting for 47.2% of total electricity production. Renewables generated 1.33 million GWh in 2025, although this…
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Energy Minister says BP gas purchase contract is at market prices
Energy Minister Miriam Dalli has today confirmed in a video message that the gas purchase contract with BP has been set at market prices (Dutch TTF), contrary to previous agreements which had exotic price mechanisms that only favoured the supplier and led the government to make significant losses. The contract has not been published yet;…
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Nationalist Party demands publication of gas contract with BP
The Nationalist Party has issued a statement today demanding the full publication of the government’s contract with BP. This is the way to go. As far as I know, this is the first time that the Nationalist Party has formally and officially demanded full transparency on the government’s energy contracts. Finally, politics has begun moving…
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Prime Minister says that the government secured gas purchase deal with BP – provides no details
Prime Minister Robert Abela announced today that the government has signed an LNG purchase deal with BP. He announced this on the Labour Party’s radio station and not through official channels. He did not give any details about the deal. The Energy Minister also said that the deal was chosen among seven offers. The gas…
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Chevron’s full press release on Malta’s oil exploration study
This is Chevron’s full press release about its newly-awarded exploratory license in the Maltese Continental Shelf. Parts of it were already reproduced by the local press but we are reproducing it here in full for reference purposes. This announcement was in the offing for some time, but the Labour government has kept its announcement for…
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Opposition Leader announces oil and gas bunkering in Hurd’s Bank as “new economic niche”
Opposition Leader Alex Borg announced earlier today that he pledges to create a new Maritime Hub in Hurd’s Bank to create “a new economic niche”. He said that the new economic niche will serve to provide bunkering services to ships passing through Hurd’s Bank, and added that the maritime hub will be mounted with a…
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Maltese government announces exploratory oil and gas license to Chevron
The Maltese government has quietly announced that it has provided an exploratory license for its oi land gas reserves to Chevron’s subsidiary. The announcement states that: “The offshore acreage has been covered by extensive seismic surveys but tested by only eleven exploratory wells. Presently, Areas 1, 4, 5 and 7 are licensed to Chevron Balkans…
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There are no cushions and no hedges: the Labour government is naked
When the war in Iran broke out, Finance Minister Clyde Caruana went to Parliament and said that the government has a cushion which will enable the country avoid the negative affects of the war. The Finance Minister said that the government can spend up to €250 million more in subsidies to ward off energy inflation…
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Is Europe headed to an energy crisis?
The European Union has not announced any emergency measures on energy so far. The European Commission is working on a set of measures to address electricity prices in Europe. Energy subsidies and tax cuts are increasingly becoming more popular in Europe to address the situation in the short and medium-term. Australia is one of the…
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Energy Minister announces new Hydrogen mega-project with North Africa: no plans or details announced
This week, Energy Minister Miriam Dalli casually announced that the government will invest in a renewable energy project with a North African country. No plans or details were announced: just an announcement for the press which supposedly is going to serve as propaganda for the Labour government. The amateurishness and the delusion in all of…
