SOCAR Trading reveals volume of LNG supplies to Malta
Baku, Azerbaijan, Oct. 23
By Maksim Tsurkov – Trend:
As of mid-October 2017, SOCAR Trading, a trading house of Azerbaijan’s state oil company SOCAR, supplied about 218 million cubic meters of liquefied natural gas (LNG) to a gas power station in Malta, a source in SOCAR Trading told Trend Oct. 23.
The needs of the power plant will total about 400-500 million cubic meters of LNG per year, noted the source.
ElectroGas Malta Consortium, where SOCAR is represented with a 20-percent share by its marketing arm SOCAR Trading, was established to implement a combined-cycle gas fired power plant project in Malta. Other shareholders are German Siemens Project Ventures GmbH and GEM Holdings Ltd, a joint venture of Maltese companies.
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