SOCAR, TotalEnergies, ADNOC International and Turkey's BOTAS have signed a ?natural gas sales and purchase agreement ?for gas to be produced from Azerbaijan's Absheron field.
The agreement was signed on ?the sidelines of Baku Energy Week, ?by SOCAR President Rovshan Najaf, BOTAS ?Chairman and General Manager Abdulvahit ?Fidan, TotalEnergies senior vice president for exploration ?and production Europe Martino Panizzi, and Mohammed Al Aryani, President International Gas at XRG.
A final ?investment decision for the second ?phase of the Absheron project is expected this year. ?Annual ?gas production is expected to begin in 2029 and reach above 4 billion cubic metres (bcm).
Around half of the production ?is expected ?to ?be supplied to the Turkish market under the agreement, a ?SOCAR official said.
The Absheron field ?is ?one of Azerbaijan's largest gas-condensate fields. The second development phase would boost ?Azerbaijan's ?gas export potential and ?contribute to regional energy security.
(Reuters, June 1, 2026)
