(Source: Shutterstock.com)
An official inauguration ceremony was held this week for the Absheron gas field, located in the Caspian Sea, offshore Azerbaijan. The field, which began production in July of this year, is averaging production of 1.5 Bcm per year.
TotalEnergies SE and its partner SOCAR (the State Oil Co. of the Republic of Azerbaijan) each own 35% interest in the field and in early August both companies sold a combined 30% interest in the field to Abu Dhabi National Oil Co. (ADNOC).
“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.
A planned second phase of the development will increase the field's production to 5.5 Bcm per year, 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 megawatts of renewable wind and solar energies and energy storage systems for the national grid.
Recommended Reading
Chevron, Brightmark Mark Milestone with First Gas at 10 RNG Plants
2025-01-16 - Chevron and Brightmark Fund Holdings' facilities in Iowa, Michigan, Ohio, South Dakota and Wisconsin are producing RNG using biogas from dairy livestock.
Vision RNG Inks Landfill Gas Agreement in South Carolina
2024-12-03 - Vision RNG says it will produce either RNG or power from South Carolina landfill gas.
Energy Transition in Motion (Week of Jan. 17, 2025)
2025-01-17 - Here is a look at some of this week’s renewable energy news, including more than $8 billion more in loans closed by the Department of Energy’s Loan Programs Office.
US Hydrogen Concerns Linger as Next Administration Nears White House
2024-12-11 - BP, EDP Renewables, Inpex and Plug Power executives discuss the state of hydrogen and the hydrogen production tax credit.
Energy Transition in Motion (Week of Dec. 6, 2024)
2024-12-06 - Here is a look at some of this week’s renewable energy news, including a record-setting quarter for solar module capacity in the U.S.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.