SOCAR delivers LNG to Pakistan

Oil&Gas Materials 28 August 2020 11:41 (UTC +04:00)
SOCAR delivers LNG to Pakistan

BAKU, Azerbaijan, Aug.28

By Leman Zeynalova – Trend:

Azerbaijan’s state oil company SOCAR has delivered 140,000 cubic meters of liquified natural gas (LNG) to Pakistan on August 28, Ibrahim Ahmadov, deputy head of the public relations and events department at SOCAR, told Trend.

“The batch of LNG was delivered today,” he said.

Earlier, Ahmadov noted that SOCAR Trading international LNG supplies about three years ago.

“Today we buy and sell LNG over a very wide geography, including the Mediterranean basin, Asia and other regions. As you can understand, LNG is purchased from third parties and forms part of our trade with third parties and buyers. This product is not exported from Azerbaijan due to the lack of direct sea access of our country to the world ocean. Thus, the offer of LNG to Pakistan at a low price will in no way affect Azerbaijan's profit from the sale of its own natural gas. At the same time, this is another step towards maintaining productive and warm economic relations with this partner and our friendly country,” he said.

Ahmadov noted that SOCAR regularly supplies hydrocarbons to Pakistan and intends to continue this cooperation in the future.

SOCAR has offered the lowest price for a spot liquefied natural gas (LNG) cargo to Pakistan at 5.73 percent of Brent.

This is the equivalent to roughly $2.2 per million British thermal units, Kallanish Energy reports citing Pakistan LNG.


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