Malta Locks In New BP Gas Supply Deal Until Next May

Malta has secured a new liquefied natural gas (LNG) supply agreement with BP that will guarantee energy supplies until the end of May 2027, Prime Minister Robert Abela announced.

Speaking on ONE on Sunday, Abela said the agreement would ensure continuity beyond August, when Malta’s current fuel supply arrangement is due to expire.

“[BP] has guaranteed a provision at a competitive and good price, and this deal will be in place until the end of May next year,” Abela said.

The agreement was concluded by Enemalta following a competitive process that attracted interest from seven international suppliers.

After commercial and technical evaluations, Enemalta selected BP’s offer, saying it provided the strongest overall value and security of supply.

The deal comes amid continued uncertainty in global energy markets, with geopolitical tensions affecting natural gas prices and supply chains.

Enemalta said the agreement is linked to the Title Transfer Facility (TTF) index, Europe’s main benchmark for natural gas pricing, ensuring costs remain aligned with market conditions.

Abela noted that concerns had been raised during the recent election campaign about Malta’s energy security beyond August, particularly as instability in the Middle East fuelled fears of supply disruptions.

He credited Energy Minister Miriam Dalli and the government’s approach for helping secure the agreement during what he described as a volatile period for international markets.

The contract forms part of Malta’s wider strategy to safeguard electricity generation and energy security. Since the conversion of the Delimara Power Station to natural gas, Malta has phased out heavy fuel oil, reducing emissions and improving efficiency.

While the agreement secures LNG supplies until May 2027, Enemalta said it is already working on future arrangements beyond that date and continues to monitor international markets for favourable opportunities.

The company added that the deal complements ongoing investments in Malta’s electricity infrastructure, including new substations, underground cable systems and grid reinforcement projects.

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Dylan Attard

Dylan Attard is a Social Media Executive at Lovin Malta and a proud Gozitan with a passion for digital media, content creation, and social trends. Outside of work, you’ll usually find him at the gym, watching series or doomscrolling.