The project being implemented by ElectroGas Malta consortium, in which SOCAR Trading holds a 20 percent share, is of strategic importance for Malta. SOCAR Trading will also act as a supplier of liquefied natural gas, floating storage unit and equipment for its processing.
The cost of the plant’s construction is estimated at 175 million euros. It is planned to commission it in the summer of 2016, and its capacity will enable to meet up to 50 percent of Malta`s electricity demand.
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