TotalEnergies has launched the second phase of Absheron gas field in the Caspian Sea, which is expected to increase the field's production to 5.5 billion cu m/year (bcmy), in line with Azerbaijan's ambition to supply the European market, TotalEnergies said in a release Sept. 1.
The news comes as part of the field’s inauguration ceremony, during which Patrick Pouyanné, chairman and chief executive officer of TotalEnergies, met in Baku His Excellency Ilham Aliyev, president of the Republic of Azerbaijan, as well as Mikayil Jabbarov, Minister of Economy and chairman of State Oil Co. of the Republic of Azerbaijan's (SOCAR) supervisory board; Parviz Shahbazov, Minister of Energy; and Rovshan Najaf, president of SOCAR.
The parties discussed TotalEnergies' projects in Azerbaijan, which, in addition to the launch of the second phase of Absheron development, include plans to participate in development of the country’s renewable energy potential under a memorandum of understanding signed in June to assess and develop 500 Mw of renewable wind and solar energies and energy storage systems for the national grid.
Production from the first phase of Absheron development began in early July and is currently producing 1.5 bcmy, TotalEnergies said (OGJ Online, July 10, 2023).
