On the occasion of the inauguration ceremony of the Absheron gas field, where the first development phase started production in early July 2023 and is currently producing 1.5 BCMA (billions of cubic meters per year), TotalEnergies met with officials to discuss the Company's 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.'
Source: TotalEnergies
