OilPrice · March 16, 2026 · 1 min read

TotalEnergies Finalizes Plan for Azeri Absheron Field's Second Phase

Analysis

OilCyprus Editorial

TotalEnergies has finalized its plan for the second phase of the Absheron gas and condensate field development in Azerbaijan, projecting first gas production by September 2029. This expansion underscores the continued importance of the Caspian region as a gas supply source, particularly for Europe.

Key Facts

TotalEnergies expects first gas from Absheron Phase 2 in September 2029.
The project is an expansion of the existing Absheron gas and condensate field.
The development is located in Azerbaijan.

Market Impact

The Absheron Phase 2 development will contribute to increased gas production from the Caspian region. This is significant for diversifying gas supply routes, particularly for European markets seeking alternatives to Russian gas. The project's timeline suggests a long-term commitment to the region and its energy resources.

Why This Matters for Cyprus

This project is important to industry professionals because it highlights the ongoing investment in natural gas production in the Caspian region and its potential to impact global gas markets.

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