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.


Shell to sell upstream business in Denmark for $1.9bn

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Royal Dutch Shell, through its affiliate Shell Overseas Holdings, has reached an agreement with Norwegian Energy Company ASA (Noreco) to sell its shares in Shell Olie-og Gasudvinding Danmark B.V. (SOGU) for $1.9 billion.


Poland, US firm sign long-term gas imports deal

18/10/2018 09:14:00

Poland's main gas company says it has signed a long-term contract for the purchase of some 40 million tons of liquefied natural gas from a U.S.-based producer in the first such deal in Central and Eastern Europe.


Daily (17.10.2018): UK gas prices dropped on Tuesday due to an oversupplied market

17/10/2018 11:04:00

Global oil prices were slightly up on Tuesday, as forecasts for U.S. supply growth were offset by concerns over the Middle East crude supply due to geopolitical tensions, and the approaching U.S. sanctions on Iranian exports. U.S. West Texas Intermediate futures edged 0.2% higher on Tuesday, to trade at $71.92 a barrel. Meanwhile, Brent crude oil futures rose by 0.8% to end at $81.41 a barrel.