With reference to the Nationalist Party’s statement on the new agreement for the supply of LNG, the Government notes that, as explained in a statement by Enemalta, this agreement is linked to the Title Transfer Facility (TTF) index, the main European benchmark for the price of natural gas.
This means that the procurement of LNG will be based on a transparent pricing mechanism, internationally recognised and aligned with current conditions in the European gas market.
The agreement, concluded by Enemalta with BP, secures the supply of LNG until the end of May 2027. This followed a competitive process that attracted interest from seven established international companies, and after a detailed commercial and technical evaluation by the company.
The selected offer was the one that provided the best value and security of supply for Malta, in an international context where energy markets remain affected by geopolitical tensions and price uncertainty.
At the same time, Enemalta is working in parallel on continuity of supply beyond the period covered by this contract. This reflects the ongoing commitment to long-term planning and security of energy supply for families and businesses.
This agreement complements a wider programme of investment in energy infrastructure, including the strengthening and modernisation of the electricity distribution network, so that Malta’s energy system remains safer, more resilient, and ready for the challenges of the future.
On energy, there is no comparison. The Government’s plan is clear and is being implemented, both in terms of supply and long-term sustainable energy, as well as distribution, where never before has there been as much investment and work to improve the system.
Source: Energy Ministry
