Progress Made in Azerbaijan's Absheron Gas Project with New Sales Agreement

Deep News06-01 20:25

An agreement for the sale and purchase of natural gas from the upcoming production of Azerbaijan's Absheron gas field has been signed by SOCAR, TotalEnergies, ADNOC, and the Turkish pipeline company BOTAŞ.

The signing took place during Baku Energy Week, with participants including SOCAR President Rovshan Najaf, BOTAŞ Chairman and General Manager Abdülvahit Fidan, TotalEnergies Senior Vice President for Exploration & Production Europe Martino Pani, and XRG International Gas President Mohamed Al Alyani.

A final investment decision for the second phase of the Absheron project is anticipated this year. Annual gas production is scheduled to commence in 2029, with output expected to exceed 4 billion cubic meters per year.

An official from SOCAR stated that, under the terms of the agreement, approximately half of the produced gas will be supplied to the Turkish market.

The Absheron field is one of Azerbaijan's largest gas condensate fields. Its second development phase is set to enhance the country's gas export capacity and contribute to regional energy security.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1154920693?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-01 20:25","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1154920693","market":"us","top_or_hot":-1,"title":"Progress Made in Azerbaijan's Absheron Gas Project with New Sales Agreement","media":"Deep News","content":"<p>An agreement for the sale and purchase of natural gas from the upcoming production of Azerbaijan's Absheron gas field has been signed by SOCAR, TotalEnergies, ADNOC, and the Turkish pipeline company BOTAŞ.<br><br>The signing took place during Baku Energy Week, with participants including SOCAR President Rovshan Najaf, BOTAŞ Chairman and General Manager Abdülvahit Fidan, TotalEnergies Senior Vice President for Exploration & Production Europe Martino Pani, and XRG International Gas President Mohamed Al Alyani.<br><br>A final investment decision for the second phase of the Absheron project is anticipated this year. Annual gas production is scheduled to commence in 2029, with output expected to exceed 4 billion cubic meters per year.<br><br>An official from SOCAR stated that, under the terms of the agreement, approximately half of the produced gas will be supplied to the Turkish market.<br><br>The Absheron field is one of Azerbaijan's largest gas condensate fields. Its second development phase is set to enhance the country's gas export capacity and contribute to regional energy security.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Progress Made in Azerbaijan's Absheron Gas Project with New Sales Agreement</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nProgress Made in Azerbaijan's Absheron Gas Project with New Sales Agreement\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2026-06-01 20:25</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>An agreement for the sale and purchase of natural gas from the upcoming production of Azerbaijan's Absheron gas field has been signed by SOCAR, TotalEnergies, ADNOC, and the Turkish pipeline company BOTAŞ.<br><br>The signing took place during Baku Energy Week, with participants including SOCAR President Rovshan Najaf, BOTAŞ Chairman and General Manager Abdülvahit Fidan, TotalEnergies Senior Vice President for Exploration & Production Europe Martino Pani, and XRG International Gas President Mohamed Al Alyani.<br><br>A final investment decision for the second phase of the Absheron project is anticipated this year. Annual gas production is scheduled to commence in 2029, with output expected to exceed 4 billion cubic meters per year.<br><br>An official from SOCAR stated that, under the terms of the agreement, approximately half of the produced gas will be supplied to the Turkish market.<br><br>The Absheron field is one of Azerbaijan's largest gas condensate fields. Its second development phase is set to enhance the country's gas export capacity and contribute to regional energy security.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DUG","symbol_name":"二倍做空石油与天然气ETF(ProShares)","start_time":0,"source_url":"","article_id":"1154920693","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1154920693","pubTimestamp":1780316714,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"An agreement for the sale and purchase of natural gas from the upcoming production of Azerbaijan's Absheron gas field has been signed by SOCAR, TotalEnergies, ADNOC, and the Turkish pipeline company...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"DUG":"二倍做空石油与天然气ETF(ProShares)","WTIU":"MICROSECTORS ENERGY 3X LEVERAGED ETN","PXJ":"Invesco Oil & Gas Services ETF","USE":"USCF Energy Commodity Strategy Absolute Return Fund","BK4585":"ETF&股票定投概念","ERX":"二倍做多能源ETF-Direxion","BOIL":"两倍做多彭博天然气ETF-ProShares","IXC":"全球能源业ETF-iShares","DBC":"商品指数ETF-PowerShares DB","DBE":"能源商品ETF-PowerShares","XOP":"油气开采指数ETF-SPDR S&P","KOLD":"两倍做空彭博天然气ETF-ProShares","IEO":"iShares Dow Jones U.S. Oil & Gas","DRIP":"Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares","XES":"SPDR S&P Oil & Gas Equipment & Services ETF","VDE":"Vanguard Energy ETF","BK4588":"碎股","PXE":"Invesco Energy Exploration & Production ETF","DIG":"二倍做多美国油气指数","FTXN":"First Trust Nasdaq Oil & Gas ETF","GUSH":"Direxion Daily S&P Oil &Gas Exp. & Prod. Bull 2X Shares","DRLL":"Strive U.S. Energy ETF","FCG":"First Trust Natural Gas ETF","BK4570":"地缘局势概念股"},"translate_title":"阿塞拜疆Absheron天然气项目取得新销售协议进展","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DRIP":1,"DUG":1,"FTXN":1,"DBC":1,"FCG":1,"ERX":1,"GUSH":1,"IXC":1,"DIG":1,"PXE":1,"XOP":1,"DBE":1,"WTIU":1,"PXJ":1,"IEO":1,"VDE":1,"DRLL":1,"USE":1,"BOIL":1,"KOLD":1,"XES":1},"content_text":"An agreement for the sale and purchase of natural gas from the upcoming production of Azerbaijan's Absheron gas field has been signed by SOCAR, TotalEnergies, ADNOC, and the Turkish pipeline company BOTAŞ.The signing took place during Baku Energy Week, with participants including SOCAR President Rovshan Najaf, BOTAŞ Chairman and General Manager Abdülvahit Fidan, TotalEnergies Senior Vice President for Exploration & Production Europe Martino Pani, and XRG International Gas President Mohamed Al Alyani.A final investment decision for the second phase of the Absheron project is anticipated this year. Annual gas production is scheduled to commence in 2029, with output expected to exceed 4 billion cubic meters per year.An official from SOCAR stated that, under the terms of the agreement, approximately half of the produced gas will be supplied to the Turkish market.The Absheron field is one of Azerbaijan's largest gas condensate fields. Its second development phase is set to enhance the country's gas export capacity and contribute to regional energy security.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.3","shortVersion":"4.42.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1154920693","isCrawlerRequest":true}