Azerbaijan, Baku, Dec. 21 / Trend A. Badalova /
Socar Trading and London-based Gasol company have signed a strategic alliance agreement on providing LNG for a proposed LNG import terminal in Benin, International Oil Daily reported with the reference to Gasol statement.
According to the statement, under the terms of the alliance Socar Trading will supply all LNG required for the Gasol project and help with the provision of a floating gas storage and regasification vessel in the harbor at Cotonou, Benin.
The project involves the regasification of LNG and the supply of the gas to power and industrial customers in Benin, Togo and Ghana.
Socar Trading is a subdivision of the State Oil Company of Azerbaijan (SOCAR).
SOCAR is the only producer of oil products in the country (it has two refineries on its balance sheet) and also owns petrol stations in Azerbaijan, Georgia and the Ukraine. Last year SOCAR purchase network of gas filling stations in Switzerland. SOCAR is co-owner of the largest Turkish petrochemical complex Petkim. The company carries out oil trade in various regions of the world through SOCAR Trading.