Caspian Sea Gas Project Absheron Officially Inaugurated

Credit: Socar
Credit: Socar

An official inauguration ceremony was held this week for the Absheron gas field, located in the Caspian Sea, offshore Azerbaijan.

To remind, the first development phase of the field, owned by TotalEnergies and Socar and, as of recently, ADNOC, started production in early July 2023 and is currently producing 1.5 BCMA (billions of cubic meters per year).

On the occasion of the inauguration ceremony, Patrick Pouyanné, Chairman and CEO of TotalEnergies, met on Thursday in Baku Ilham Aliyev, President of the Republic of Azerbaijan, as well as Mikayil Jabbarov, Minister of Economy and Chairman of SOCAR’s Supervisory Board, Parviz Shahbazov, Minister of Energy, and Rovshan Najaf, President of SOCAR.

Credit: TotalEnergies (File Image)

They discussed TotalEnergies' projects in Azerbaijan, notably the launch of the second phase of the Absheron development, which will increase the field's production to 5.5 BCMA, in line with Azerbaijan's ambition to supply the European market. 

TotalEnergies also plans to participate in the development of the country’s renewable energy potential under the Memorandum of Understanding signed in June 2023 to assess and develop 500 MW of renewable wind and solar energies and energy storage systems for the national grid.

“I am very pleased to inaugurate Absheron, alongside the national company SOCAR and our new partner ADNOC. Discovered by our exploration team, this gas field provides additional gas resources to contribute to diversifying gas supply for Europe”, said Patrick Pouyanné, Chairman and CEO of TotalEnergies. “In line with our multi-energy strategy, we also look forward to supporting Azerbaijan in implementing its own energy transition strategy, through an agreement to develop renewable energy combined with electricity storage.”

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