Socar Trading Eyes Major Push Into LNG Gas-to-Power Projects
- Azeri state-backed trader sees 5 to 8 projects in three years
- Socar says smaller is better when it comes to LNG developments
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Socar Trading said it’s making a major push into small-scale LNG gas-to-power infrastructure projects to bolster its global role in the handling of the super-chilled gas.
The trading arm of Azerbaijan’s state oil producer aims to add five to eight projects building small-scale terminals converting liquefied natural gas for dedicated power plants in emerging markets over the next three years, Hayal Ahmadzada, Socar’s chief trading officer, said in an interview.