Malta and Azerbaijan To Develop LNG, Oil Hub: More Energy Independence For The Region?

File Image: Azerbaijan-Georgia-Romania-Hungary (AGRI) Project

Malta and Azerbaijan have signed a memorandum of understanding (MoU) to collaborate on the development of a LNG (Liquified Natural Gas) hub which would serve for local and international markets, reports the Times of Malta.

The MOU targets “strategic collaboration” in the oil and gas sector as part of the government’s vision to transform energy and petroleum sectors into key value added economic activities, and both sides identified a number of key areas, according to MarineLink.com.

The European Union is also looking southwards to develop a “southern gas corridor” for natural gas from Azerbaijan to fuel the European mainland.

More here

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