Which companies signed the Absheron phase two gas sales agreement, and where was it signed?

SOCAR, TotalEnergies, ADNOC International, and Turkey's BOTAS signed the natural gas sales and purchase agreement for gas to be produced from Azerbaijan's Absheron field. The agreement was signed on the sidelines of Baku Energy Week.

What are the key production and timeline commitments outlined in the agreement for Absheron phase two?

A final investment decision for the second phase of the Absheron project is expected this year; annual gas production is expected to begin in 2029 and reach above 4 billion cubic metres (bcm), with around half of the production supplied to the Turkish market under the agreement.

SOCAR, TotalEnergies, ADNOC, BOTAS sign Absheron phase two gas sales agreement

Jun 1, 2026

SOCAR, TotalEnergies, ADNOC, and BOTAS signed a natural gas sales agreement for Azerbaijan's Absheron field, targeting over 4 bcm annual production by 2029. A final investment decision is expected this year to boost regional energy security.

reuters

2026-03-24

TotalEnergies Finalizes Absheron Gas Field Phase II Plan

2026-05-05

ADNOC Set to Push Shale-Style Oil, Gas Projects After UAE's OPEC Exit

2026-05-12

TotalEnergies, QatarEnergy and ConocoPhillips sign deal to review offshore block in Syria

2026-06-01

SOCAR, TotalEnergies, ADNOC, BOTAS sign Absheron phase two gas sales agreement

2026-06-03

Putin Allows TotalEnergies to Sell 10% Stake in Arctic LNG 2