We all remember how during the electoral campaign the PN tried to panic Malta by repeatedly arguing in full force that Malta’s energy supply will run dry by August.

If Alex Borg and his party had credibility, such comments would have caused havoc, not just with the population, but even within Malta’s economic fabric. 

Prime Minister Robert Abela and Minister Miriam Dalli both had given absolute guarantees that Malta’s energy procurement was following its natural cycle and that there was absolutely no cause of concern. A few weeks later, Labour was returned resoundingly to power, and just days into the new legislature the Government announced a new gas deal with one of the largest international energy giants. 

Instead of eating humble pie and staying quiet, the PN is inexplicably criticising the deal as according to it, the deal will now reflect market prices. The PN hasn’t even realised that this has been the case since 2022 with Malta purchasing its gas needs through a mechanism that was pegged with an international energy index. 

By way of background, Enemalta has long started the required competitive international procurement process which has now been successfully concluded. Bids were assessed against a structured set of weighted criteria, including price competitiveness, the number and scheduling of cargoes, the diversity of each bidder’s supply portfolio, LNG shipping capability, financial strength, and adherence to LNG quality specifications. 

The process attracted strong interest from a number of leading international LNG trading companies, reflecting Malta’s established standing as a credible and well-structured counterparty in the global LNG market.

Pricing is structured on a market-indexed basis linked to the TTF European natural gas benchmark, ensuring that Enemalta, and ultimately Maltese consumers, benefit from a
commercially competitive outcome. 

Also, as publicly stated expert advice given to Enemalta confirms that better conditions are expected as of 2027 to 2028 where an over supply of LNG is projected to be available. 

These provisions reflect the Government’s determination to not only secure competitive pricing but also contractual certainty and supply reliability for Malta’s energy infrastructure.

The PN on the other hand is lost and uninformed. 

The way the PN is acting confirms the wisdom of the Maltese electorate.

Should there have been whoever (as no one still knows who the PN energy spokesperson is) instead of Miram Dalli in charge of Malta’s energy supply, Malta would be at the mercy of amateurism, and in such sectors, even just one mistake could be fatal. And ultimately, the price of past PN energy mistakes were always paid by the Maltese consumer.