Azerbaijan\u2019's state oil company SOCAR signed a long-term gas supply agreement with TotalEnergies, ADNOC\u2019's investment arm XRG and Turkish state pipeline operator BOTA\u015e, securing future exports from the Absheron offshore site in the Caspian Sea\u2019 from 2029.<\/p>\n
The agreement, announced at Baku Energy Week \u2019, covers the gas supply to be obtained from the next development phase of the Absheron site. The final investment decision for this phase is expected later this year.<\/p>\n
SOCAR press spokesman Emin Sevdimaliyev said that \u201cSOCAR signed an agreement with XRG, TotalEnergies and BOTA\u015e on the supply of Azerbaijani gas to Turkey\u2019, a major development.\u201d said.<\/p>\n
\u201cDifferent companies will strengthen cooperation between Azerbaijan, Turkey and our foreign partners. The Southern Gas Corridor will also contribute to the importance of \u2019.\u201d<\/p>\n
The Southern Gas Corridor, which transports Caspian gas to Turkey's \u2019 and from there to Europe's \u2019, has become even more important since \u2019's total occupation of Ukraine's \u2019 in 2022, when European governments stepped up their efforts to reduce dependence on Russian pipeline gas.<\/p>\n
Azerbaijan has steadily increased its gas exports to Europe\u2019ya since then; Brussels sees the Caspian gas supply as part of its broader diversification efforts.<\/p>\n
Azerbaijan is already one of the main gas suppliers of \u2019 in Turkey. While Ankara is trying to diversify its import sources, the agreement is expected to deepen this relationship.<\/p>\n
The agreement for ADNOC marks another international expansion through investment platform XRG, and shows Abu Dhabi\u2019's growing interest in securing positions in global gas infrastructure.<\/p>\n
The Absheron site is located about 100 kilometers southeast of Baku \u2019 and is estimated to contain about 350 billion cubic meters of natural gas and 100 million tons of condensation water at a depth of 500 meters.<\/p>","protected":false},"excerpt":{"rendered":"
By signing a long-term agreement with Azerbaijan's SOCAR, TotalEnergies, ADNOC\u2019's investment arm XRG and Turkey's \u2019's BOTA\u015e\u2019 to export gas from the Absheron offshore field from 2029, Europe is strengthening the Southern Gas Corridor, which \u2019 has increasingly relied on in recent years.<\/p>","protected":false},"author":1,"featured_media":3354,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[386],"class_list":["post-3353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-genel","tag-gaz"],"_links":{"self":[{"href":"https:\/\/www.lojistiknakliye.com\/en\/wp-json\/wp\/v2\/posts\/3353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lojistiknakliye.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lojistiknakliye.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lojistiknakliye.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lojistiknakliye.com\/en\/wp-json\/wp\/v2\/comments?post=3353"}],"version-history":[{"count":1,"href":"https:\/\/www.lojistiknakliye.com\/en\/wp-json\/wp\/v2\/posts\/3353\/revisions"}],"predecessor-version":[{"id":3355,"href":"https:\/\/www.lojistiknakliye.com\/en\/wp-json\/wp\/v2\/posts\/3353\/revisions\/3355"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lojistiknakliye.com\/en\/wp-json\/wp\/v2\/media\/3354"}],"wp:attachment":[{"href":"https:\/\/www.lojistiknakliye.com\/en\/wp-json\/wp\/v2\/media?parent=3353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lojistiknakliye.com\/en\/wp-json\/wp\/v2\/categories?post=3353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lojistiknakliye.com\/en\/wp-json\/wp\/v2\/tags?post=3353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}