ElectroGas Malta reveals volume of LNG purchases from SOCAR
BAKU, Azerbaijan, Sept.30
By Leman Zeynalova – Trend:
Electrogas Malta has received approx 11,000,000 mmbtu of liquified natural gas (LNG) from Azerbaijan’s state oil company SOCAR since early 2020, ElectroGas Malta told Trend.
“We do not expect to increase imports from what we normally get under contract,” the company said.
ElectroGas Malta, in which SOCAR is represented by SOCAR Trading that owns a 20-percent share in the consortium, was established to implement the project of construction of a gas power plant in Malta. The other shareholders are Germany's Siemens Project Ventures and Maltese GEM Holdings. SOCAR Trading is also represented in the project as a supplier of LNG, a mobile offshore unit for its storage and equipment for its processing.
SOCAR Trading SA, headquartered in Geneva, was established in late 2007 by the State Oil Company of Azerbaijan.
The company sells SOCAR's crude oil from the port of Ceyhan (Mediterranean Sea, Turkey), trades in oil and petroleum products of other countries, as well as assists the parent company in connection with international investments. The scope of activity of SOCAR Trading covers the countries of Europe, Asia and America.
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