TotalEnergies advances another major offshore gas project

French giant TotalEnergies, along with its partners SOCAR and XRG, has made the final investment decision to fully develop the Absheron gas and condensate field in the Caspian Sea. Located 100 km southeast of Baku, the Absheron field holds approximately 140bn cu m of recoverable gas reserves. The first development phase, with a production capacity…