Malta has not properly explored its continental shelf to access its significant hydrocarbon potential, the Malta Chamber of Geologists said in a document.
The document said that Malta remains the country most dependent on hydrocarbons for its energy in the European Union (EU). Hydrocarbons supply 90% of Malta’s electricity, with photovoltaic panels producing the remaining 10%.
It said that as things stand the energy mix in Malta is unlikely to change significantly and natural gas will remain the country’s main source of energy, besides the mention of more solar panels and a wind farm.
The chamber said that Malta has a continental shelf of over 70,000 km2, however, most of this is underexplored. It revealed that only 13 relatively deep wells have been drilled, in comparison to Italy’s 6,000 wells over the past 70 years.
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