Lagos — TotalEnergies, a global multi-energy company, has inaugurated the Absheron gas field in Azerbaijan, whose first development phase started production in early July 2023 and is currently producing 1.5 billions cubic meters of gas per year.
On the occasion of the inauguration ceremony of the Absheron gas field, Patrick Pouyanné, Chairman and CEO of TotalEnergies, in Baku, met with Mr. Ilham Aliyev, President of the Republic of Azerbaijan, as well as Mr. Mikayil Jabbarov, Minister of Economy and Chairman of SOCAR’s Supervisory Board, Mr. Parviz Shahbazov, Minister of Energy, and Mr. Rovshan Najaf, President of SOCAR.
Together 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.
Pouyanné said: “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”
“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.”
Active in nearly 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
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