SOCAR’s LNG terminal to be built it Cote d'Ivoire in 2017

SOCAR’s LNG terminal to be built it Cote d'Ivoire in 2017

Baku, Azerbaijan, April 26

By Leman Zeynalova - Trend:

The construction of an LNG regasification terminal will be launched with SOCAR Trading’s involvement (marketing arm of Azerbaijan’s state oil company SOCAR) in Cote d'Ivoire in late 2017, Togrul Kocharli, head of the project development and investment department of SOCAR Trading, said.

Kocharli made the remarks during the conference titled “The 2nd SOCAR International Caspian and Central Asia Downstream Forum – Trading, Logistics, Refining, Petrochemicals” in Baku Apr. 26.

Kocharli stressed that the LNG complex was officially opened in Malta on April 24.

"As part of this project, we built a regasification unit that converts liquefied gas back into natural gas,” he added. “We built a power plant with a capacity of 210 megawatt, which will allow meeting up to 40 percent of Malta’s electricity demand."

“Moreover, SOCAR Trading guaranteed the same price for gas and electricity during five years under a contract signed for a period of 18 years," Kocharli said.

Kocharli said that currently about a quarter of the world's energy needs account for natural gas and 10 percent - for liquefied gas.

"The LNG market began to grow especially after LNG was exported from the US and Australia," Kocharli added.

ElectroGas Malta Consortium, where SOCAR is represented with a 20-percent share by its marketing arm SOCAR Trading, was established to implement the combined cycle gas fired power plant project in Malta.

Other shareholders are German Siemens Project Ventures GmbH and GEM Holdings Ltd, which is a joint venture of Maltese companies. SOCAR Trading is represented in the project as a supplier of LNG (8-10 batches per year), a floating liquid natural gas storage unit and equipment for its processing. The first LNG batch was supplied to Malta in January 2017.

The plant’s construction costs 175 million euros.

SOCAR Trading was established in Geneva in December 2007. Its activities cover the US and countries in Europe and Asia.

Azerbaijan to win war, only few days left - political analyst
Azerbaijan to win war, only few days left - political analyst
Israel's billionaires hit by Covid-19 economic crisis
Israel's billionaires hit by Covid-19 economic crisis
Israel sends medical aid to Ganja's civilians suffered by Armenian attacks
Israel sends medical aid to Ganja's civilians suffered by Armenian attacks
Loading Bars
Latest
Georgia records 1,872 new coronavirus cases
Georgian vegetable oil company Karva launches waste-free production
Russian Embassy in Turkmenistan brings back citizens to Moscow
Azerbaijan to win war, only few days left - political analyst
COVID-19 to weaken link between oil demand and economic growth
EU4Youth launches new project in Georgia
Israel's billionaires hit by Covid-19 economic crisis
OPEC’s ability to influence market to wane over next decade
Uzbekistan reveals volume of ICT services for 9M2020
Energy supply investment to rise to nearly $1.9 trillion within ten years
Armenian leadership responsible for violation of humanitarian ceasefire - Azerbaijani MFA
Agrarian, Construction, Manufacturing and Extractive Industries Will Develop in Gubadli
Human Rights Council must condemn Islamophobic statements of French president - Lebanese lawyer
Mehriban Aliyeva congratulates Azerbaijani people on liberation of several villages in Zangilan, Jabrayil, Gubadly districts, city of Gubadly
Iran produces smart national identity card
Afghanistan to review the water right issue with Iran
Armed Forces of Armenia firing at Azerbaijani positions from its territory
Iran's vegetable oil industry faces challenges
Iran's domestic autos receives four stars for quality
Local companies to be involved in digitalization of Turkmenistan’s exchange
Turkmenistan sells gasoline, diesel fuel to number of countries on exchange
Armenian armed forces shelling Aghdam district
Forecasts for power generation investment become more optimistic
FBI probes fire set in Boston ballot drop box
Upstream oil & gas spending set to decline by 35%
Azerbaijani MoD presents footage of serviceman talking about army's next goal
Armenia grossly violated new humanitarian ceasefire - Defense Ministry
Armenia always carried out ethnic cleansing in territories where they settled - expert
Azerbaijani currency rates for Oct. 26
Iranian currency rates for October 26
Number of coronavirus cases in Uzbekistan passes 65,000
We were targeting military infrastructure in Khankandi, because military basis situated in city - President of Azerbaijan
If I launched the war why should I wait for 17 years? - President of Azerbaijan
Responsibility for violation of humanitarian ceasefire regime lies with Armenia - Azerbaijani president's aide
Armenians who live in America, in France, in Russia don’t care about Armenians in Nagorno-Karabakh - President Aliyev
What President Trump does with respect to the conflict resolution is fully in line with international relations - President Aliyev
Israel sends medical aid to Ganja's civilians suffered by Armenian attacks
There are no evidence that Azerbaijan violated the ceasefire, we just responded - President of Azerbaijan
We don’t have serious social problems, corruption is everywhere and we are fighting against it - President of Azerbaijan
Heroic Azerbaijani soldiers led by commander-in-chief restore justice - Turkish president's advisor
Information that Turkish backed Syrian militias fighting war in Azerbaijan - another fake news, says president of Azerbaijan
What happened to church in Shusha was either mistake, or done by Armenians themselves to put blame on us - President of Azerbaijan
Objective Journalist Public Union condemns threats against French reporter
No plan presented to us from mediators to give Nagorno-Karabakh independence - President of Azerbaijan
President Ilham Aliyev on battles of 1990s: We did not lose the war, we lost the battle
Second time, ceasefire lasted only for two minutes and Armenia violated it - President of Azerbaijan
It was Armenia who launched attack, we had to defend ourselves - President Aliyev
Decline of interest rates might divert investments in Iran's banks
PM of Armenia lying over again, says Assistant to Azerbaijani President
Embassy of Turkey in Tbilisi stops consular services amid coronavirus
Armenian Armed Forces shelling Azerbaijani Tartar region
Armenian Armed Forces bombard Azerbaijani units
Azerbaijani army fully complies with ceasefire regime
New COVID-19 cases slightly down in Kazakhstan
47,000 tons of exportable sulfur of Bandar Abbas Refinery offered at int'l markets in 7 months
UK armed forces take control of ship in English Channel, seven people detained
Spain announces new state of emergency as COVID infections soar
Samsung affiliates' shares rise after death of Samsung Elec Chairman Lee
Israel to start COVID-19 vaccine human trials on Nov. 1
Kuwait retail co-ops remove French products over Prophet cartoon
We will drive enemy away to very end, will restore our territorial integrity! - President of Azerbaijan
I want to assure people of Azerbaijan today that we will not turn back from right path - President of Azerbaijan
Our military operations must be conducted without wasting time - President Ilham Aliyev
No-one can stand in front of Azerbaijan, says President Ilham Aliyev
We are fighting alone, on our own - President Ilham Aliyev
Countries that patronize Armenia should put pressure on Armenia - President of Azerbaijan
I want our servicemen and citizens to know that there is very serious struggle – both on frontline and in political arena - President Aliyev
All mediators are concerned about now is how to get Armenia out of this situation, says President Aliyev
We have seen again that Armenia does not intend to leave our lands of its own accord - President Aliyev
Armenian state responsible for these crimes and will be held accountable for them, says Azerbaijani president
Today, Azerbaijani soldiers and officers are teaching enemy lesson on battlefield - President Aliyev
Parts of Fuzuli, Hadrut, Jabrayil, Zangilan, Kalbajar and Gubadli districts liberated from occupiers - President Aliyev
OSCE MG Co-Chairs, FMs of Azerbaijan and Armenia agree to discuss steps necessary to achieve a peaceful settlement of Karabakh conflict
Ankara extends Oruç Reis' exploration work in East Med until Nov. 4
Gubadli city freed from occupation - President Ilham Aliyev
Bulgarian PM Borissov tests positive for coronavirus
Armenian troops' military equipment, ammunition destroyed (VİDEO) (VİDEO)
Operational meeting was held under leadership of President, Commander-in-Chief Ilham Aliyev at Central Command Post of Ministry of Defense (PHOTO)
Ethnic Russian soldier dies in battle to liberate Azerbaijani lands from Armenian occupation
Commanders of Armenian armed forces hold meetings at kindergarden (PHOTO)
Azerbaijani army destroying Armenian armed forces on ground and in air - Anar Eyvazov
Azerbaijani army neutralizes high-ranking Armenian soldier
Armenian armed forces forced to retreat, suffering losses (VIDEO)
Footage from Azerbaijani Jabrayil and Zangilan regions liberated from occupation unveiled (VIDEO)
Armenian terrorist killed in Nagorno-Karabakh
Iran’s NICICO enhances its sales value
Weapon emplacements of Armenian Armed Forces destroyed, says Defense Ministry of Azerbaijan (VIDEO)
Tesla recalls 48,442 vehicles in China
Azerbaijani NGOs apply to relevant int'l structures regarding Armenia's involvement of children in military operations
Islamabad condemns killing of Azerbaijani civilians by Armenian Armed Forces (PHOTO/VIDEO)
Armenia admits loss of 11 more servicemen
Israeli cabinet approves Bahrain normalization accord
Iran boosts pickup manufacturing
Azerbaijan confirms 228 more COVID-19 recoveries
Liberation of Azerbaijani lands from occupation - gratifying – Iranian General
Canadian Azerbaijanis protest against Armenian attacks on Ganja (PHOTOS)
US too knows Armenia is terrorist state, MP
Military uniform price in Armenia increase
Russia’s coronavirus case tally exceeds 1.5 mln
Azerbaijani army destroying military equipment, in background of which Pashinyan took selfie (PHOTO)
All news