The price for the purchase and supply of gas by ElectroGas Malta, the consortium that will build a liquefied natural gas plant and terminal, is in line with government targets and expectations, the Energy Ministry said yesterday.

ElectroGas Malta Consortium submitted a final blended price of €95.99 per MW which equates to 9 cents per kilowatt.

ElectroGas – which comprises Siemens GMBH, Socar, Gasol Plc and GEM Holdings – was awarded the power-purchase and gas supply agreement last week, after being shortlisted as the preferred bidder.

ElectroGas obtained an overall score of 92.2 points, with 12.2 points being awarded for additional criteria and 80 points being awarded for the financial offer.

The ministry said the notice of award was “an important milestone” in its roadmap for the energy sector.

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