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Are Maltese courts being used to settle Turkey's political games?


Are Maltese courts being used to settle Turkey’s political games?
5 hours ago
The Maltese courts will decide on the case of Mubariz Mansimov Gurbanoğlu, an Azerbaijani-Turkish citizen and the founder of the Palmali Group of Companies, a shipping conglomerate comprising some 56 entities based in Malta.
He stands accused of defaulting on a loan from a Russian bank, Sberbank. The bank had made a number of loans to Palmali companies based in Russia, on the basis that the guarantors were “steady and substantial”. The loans were secured via personal guarantee by Gurbanoğlu, his Turkish companies, and 47 naval boats registered in Russia. ....

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SOCAR fails in legal bid to block Latvian investigation into secret Malta LNG agreement


SOCAR fails in legal bid to block Latvian investigation into secret Malta LNG agreement
6 hours ago
A Federal Court in Switzerland has thrown out Azerbaijan’s SOCAR attempts to block the sharing of banking information with Latvian police related to investigations of suspicious money movements in 2017 – they are linked to an agreement signed between the Maltese government and SOCAR Trading.
The ‘Security of Supply Agreement’ was signed by disgraced former Minister Konrad Mizzi with SOCAR Trading in 2015, undertaking to buy liquified natural gas (LNG) for the Electrogas power station for 18 years at ridiculously inflated prices.
The Shift had revealed it was former Minister Konrad Mizzi who personally signed the agreement between the government and SOCAR Trading for the supply of liquified natural gas (LNG) to the Electrogas power station for 18 years, based on the findings of an FIAU report leaked by MEP David Casa. ....

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EU Had 'Greenwashing' Concerns When Scrutinising Malta's Hydrogen-Ready Pipeline Request


Malta’s multi-million EU funding request for a hydrogen-ready LNG pipeline was rejected due to a lack of detail in the proposal and concerns of ‘greenwashing’, the European Commission has confirmed.
Contacted by Lovin Malta, a European Commission official explained in some detail why it rejected Malta’s funding request for the pipeline, which could connect Malta to Italy and replace the LNG tanker as the provider of natural gas to the Delimara power station.
This project, which is estimated to cost around €400 million, has been in the works for years and the original plan was for construction to start in 2020 and conclude by 2024. ....

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