Malta and Azerbaijan have agreed to collaborate on the development of a gas hub which would cater for local and international markets, as part of a memorandum of understanding signed last December in Baku.
The contents of this preliminary agreement are being published for the first time following a request, which Times of Malta made with the Energy Ministry earlier this week.
The MOU targets strategic collaboration in the oil and gas sector as part of the government’s vision to transform energy and petroleum sectors into key value added economic activities. To this end, both sides identified a number of key areas.
These are exploration and production, sourcing and distributing petroleum products, and strategic collaboration in trading energy commodities in the Mediterranean region. Both governments also agreed to explore the possibility of developing an infrastructure in energy-related projects in Malta.
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