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SOCAR, TotalEnergies and ADNOC lock in Caspian gas supply deal

SOCAR signs a long-term gas deal with TotalEnergies, XRG and BOTAŞ to export Caspian gas from Absheron starting 2029.
The deal was announced during Baku Energy Week and covers the next development stage of Absheron.
Final investment decision on the Absheron development stage is expected later this year.
The agreement aims to bolster the Southern Gas Corridor to Europe.
The Absheron field lies about 100 kilometers southeast of Baku and holds significant gas and condensate.
The Southern Gas Corridor connects Caspian gas to Turkey and Europe amid diversification efforts.
SOCAR's move deepens ties with Turkey and international partners in gas infrastructure.
TotalEnergies, ADNOC's XRG and BOTAŞ expand their international gas reach.
The deal supports diversification away from Russian gas for Europe.
The Absheron development stage could influence future European energy security.

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