PRIVATISATION OF ENEMALTA GAS DIVISION
The privatisation process for Enemalta Gas Division was undertaken by an open call for a Request for Proposals (RFP) that was issued in 2006. Prospective investors who were interested in acquiring a concession for the operation of bottling and storage facilities for Liquefied Petroleum Gas (LPG) in Malta were invited to participate in the RFP. The RFP was part of an extensive restructuring exercise by Enemalta to unbundle its service sectors and the divestment of certain activities to the private sector. The Gas Division of Enemalta Corporation was engaged in the storage, bottling and distribution of LPG in the Maltese islands.
Within the framework of Government’s programme to privatise public enterprises, and in the context of the impending liberalisation of the fuel sector in Malta, Enemalta Corporation wanted to transfer the management and operation of its gas activities unto the private sector in terms of a Build-Operate-Transfer concession whereby the operator would build the new plant, operate it for a determinate period of time and transfer back the asset to Enemalta at the end of the concession term.
In November 2008, a deed of temporary sub-emphyteutical grant was signed between Enemalta Corporation and Gasco Energy Limited. Gasco Energy Limited is a joint venture between Multigas Limited and Liquigas SpA of Italy. Furthermore, in 2009, an agreement was signed between Enemalta and Liquigas for the transfer of operations of the gas sector from Enemalta to Liquigas Malta Ltd. However, the Enemalta’s gas division was still responsible for the importation, storing and bottling of LPG.
In 2010, the importation of liquefied petroleum gas (LPG) was passed on to Liquigas Malta Ltd but Enemalta had sole responsibility for the unolading, storing and bottling of LPG in cylinders and in bulk. However, Gasco Energy Limited will be the operator responsible for importation, storage and bottling of Liquified Petroleum Gas in Malta. This company signed a concession agreement with EneMalta, through which the latter has transferred its LPG activity to Gasco Energy. Gasco Energy Ltd has invested in a new state-of-the-art LPG bottling plant at Benghajsa, in the vicinity of the Malta Freeport, which was inaugurated last November 2012.