Gas pipeline project is one of top priority projects for EU – Minister Joe Mizzi

12/10/2018 09:29 Natural Gas


The Malta-Sicily gas pipeline is one of the top priority projects for the EU as it aims at ending Malta’s gas isolation, said Minister for Energy and Water Management Joe Mizzi during the World Energy Summit currently being held in Milan, Italy.

When asked about the energy issues and trends in the energy sector, Minister Mizzi said that being at the periphery of Europe with no gas interconnection with mainland Europe, so far, is quite a concern, as this affects Malta’s energy security of supply. “To reduce this concern,” he added, “the Maltese Government has worked tirelessly over the past few years to increase energy diversification mainly through the operation of an electricity interconnector with Italy, installing gas fired power plants together with an LNG terminal, and now we are also in the study and planning phase to build a gas-pipeline with Italy”.


Another concern in the energy sector is ensuring that this isolation and the requirement to import mostly all energy from other countries does not negatively affect energy prices. Minister Mizzi explained that with the recent energy overhaul, from generating electricity from heavy fuel oil to the use of LNG to generate electricity, nowadays Maltese consumers benefit from one of the cheapest electricity tariffs in the EU.


Minister Mizzi concluded that Malta’s objective as a country is to be on the forefront of new technology, especially innovative energy solutions such as energy storage, which could be adapted to the country’s specificities and bring about the desired benefit of ensuring energy security, help achieve sustainable goals, leading the country into the future energy transition.


Daily (20.03.2019): EU carbon prices fell by more than 3% on Tuesday, due to a bearish energy complex and continued Brexit uncertainty

20/03/2019 10:12:00

Crude prices diverged slightly on Tuesday. On one side, prices were supported by OPEC-led supply cuts OPEC. On the other side, rising U.S. output put pressure on the market. Brent crude edged 0.1% higher at $67.61 a barrel, while WTI crude traded 0.1% lower at $59.03 a barrel.


UK offshore oil and gas production up by a fifth over past five years

20/03/2019 10:02:00

UK offshore oil and gas production has increased by a fifth over the past five years, following 14 years of decline.


Ofgem backs 600MW Shetland grid link

20/03/2019 09:57:00

UK energy regulator Ofgem said is it minded to approve construction of a 600MW subsea interconnector from Shetland to mainland Scotland to support renewables expansion.