Socar Turkey LNG gets license for purchase and sale of liquefied gas in Turkey

Photo: Socar Turkey LNG gets license for purchase and sale of liquefied gas in Turkey  / Oil&Gas

Baku, Azerbaijan, April 10

By Emil Ismayilov - Trend:

Socar Turkey LNG has received a license for the purchase and sale of liquefied gas in Turkey, as well as for liquefied gas import and natural gas export, a message posted on the website of Turkish Energy Market Regulatory Authority (EPDK) said.

The license has been issued for the period of 30 years, according to the EPDK.

Turkey is an important partner of Azerbaijan in the sphere of energy. The two countries are bound by the Baku-Tbilisi-Ceyhan oil pipeline and South Caucasus gas pipeline. It is also planned to construct the Trans-Anatolian gas pipeline for delivering the Azerbaijani gas to European market. The Trans-Anatolian gas pipeline will ensure the supply of gas to the border with Europe.

The State Oil Company of Azerbaijan (SOCAR) is represented by a separate subdivision in Turkey and is a co-owner of the large Turkish petrochemical complex, Petkim. A new refinery will be constructed in order to provide the complex with raw materials. It is planned to construct a new power plant and to develop the container port near the complex.

Translated by L.Z.

Edited by C.N.

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