Companies will be waiting to see how many long-awaited projects
get kick started in 2015, especially the ones that generate
activity across the different sectors of the industry.
Lower electricity tariffs for businesses will save around
€50 million, but it hasn't yet been understood how these
savings will be put to good use. They could be re-invested into
expansion plans or into more efficient operations, used to reduce
product prices and make the entity more competitive, or merely
absorbed as extra profit. The impact will be largest in
energy-hungry manufacturing, where competitiveness is the key.
Phoenicia Energy Holdings will have to decide whether it will
take up the option to go into a second phase in Area 4 in January.
This will be in line with its concession agreement – and
drill a second well, after the unsuccessful deepwater Ħagar
Qim was abandoned last summer. Majority shareholder Genel has yet
to give any official indication of its objectives. However,
