SOCAR, TotalEnergies and ADNOC lock in Caspian gas supply deal
SOCAR has signed a long-term gas supply agreement with TotalEnergies, ADNOC's investment arm XRG, and Turkey's BOTAŞ to export gas from the Absheron offshore field starting in 2029. This deal is significant for the Southern Gas Corridor, which has become increasingly important for Europe in light of reduced reliance on Russian gas. The agreement is expected to enhance cooperation among Azerbaijan, Turkey, and their foreign partners while contributing to Europe's energy diversification efforts.
- ▪SOCAR signed a deal to export gas from the Absheron offshore field starting in 2029.
- ▪The agreement was announced at Baku Energy Week and covers the next development stage of the Absheron field.
- ▪The Southern Gas Corridor has gained importance for Europe since the onset of the Ukraine conflict in 2022.
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Business Business SOCAR, TotalEnergies and ADNOC lock in Caspian gas supply deal SOCAR at expo center - Copyright Euronews Copyright Euronews By Nadira Tudor & Saida Rustamova Published on 03/06/2026 - 16:19 GMT+2 Share Comments Share Facebook Twitter Flipboard Send Reddit Linkedin Messenger Telegram VK Bluesky Threads Whatsapp Azerbaijan's SOCAR signed a long-term deal with TotalEnergies, ADNOC's investment arm XRG and Turkey's BOTAŞ to export gas from the Absheron offshore field from 2029, bolstering the Southern Gas Corridor that Europe has increasingly relied on in recent years.
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