SOCAR Trading News

SOCAR Trading's Malta LNG Project receives prestigious award from IJGlobal

Released: 14 March 2016

SOCAR Trading as part of the ElectroGas Malta consortium has been awarded a prestigious award at the Infrastructure Journal Global Awards ceremony held in London on the 10th of March 2016.

The black tie gala event was this year hosted at the Natural History Museum in London and was attended by representatives from organizations from around the globe. The IJGlobal annual awards celebrate the outstanding transactions and institutions from the world of infrastructure finance.

ElectroGas Malta was awarded in the Best European Power Project of the year category for its breakthrough Malta LNG Project. The project is of strategic importance to the island of Malta, where SOCAR Trading will as part of the ElectroGasMalta consortium, gasify the island nation. It involves the charter of an FSU, construction of on-shore regasification facilities and construction of a new 210MW CCGT Power plant, with SOCAR Trading playing the role of an equity partner as well as an exclusive LNG supplier to the project.