How Azerbaijan supplies gas to Malta

14m units of gas

1

Socar, an Azerbaijani state-owned oil and gas company, buys an estimated $113m of gas from Shell

Shell

$113m

2

Socar sells Electrogas Malta the same amount of gas and charges an estimated $153m. It keeps $40m

Socar

$153m

3

Electrogas Malta sells Enemalta the same amount of gas for the same price. Enemalta – and Electrogas – convert the gas into electricity, which is then distributed to homes and businesses

Electrogas

Malta

$153m

Enemalta

1

Socar, an Azerbaijani state-owned oil and gas company, buys an estimated $113m of gas from Shell

2

Socar sells Electrogas Malta the same amount of gas and charges an estimated $153m. It keeps $40m

3

Electrogas Malta sells Enemalta the same amount of gas for the same price. Enemalta – and Electrogas – convert the gas into electricity, which is then distributed to homes and businesses

$113m

$153m

$153m

Electrogas Malta

Enemalta

Socar

Shell

14m units of gas