TotalEnergies takes FID on Absheron full-field development, lifting output to 6 BCMA by 2029

By Public Technologies
  • TotalEnergies took final investment decision on full-field development of Azerbaijan’s Absheron gas-condensate field with SOCAR, XRG.
  • Project targets output of 6 BCMA of gas, 47,000 bpd of condensate; start-up expected in 2029.
  • Absheron holds about 140 billion cubic meters of recoverable gas reserves; first phase began production in 2023.
  • Volumes slated for Azerbaijan’s domestic market, exports to Turkey via existing infrastructure linked to the European gas market.
  • TotalEnergies holds 35% as operator; SOCAR holds 35%; XRG holds 30%.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TotalEnergies SE published the original content used to generate this news brief via Business Wire (Ref. ID: 202609280200BIZWIRE_UKPR_REG_20260926_BW366941) on September 28, 2026, and is solely responsible for the information contained therein.

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.