Azerbaijan gas
July 10 (LNGJ) - French major TotalEnergies and the State Oil Company of the Republic of Azerbaijan (SOCAR) have started production of the first phase of development of the Absheron natural gas and condensate field in the Caspian Sea, around 100 kilometres (62 miles) southeast of Baku.
This first phase connects a subsea production well to a new gas processing platform, itself linked to SOCAR’s existing facilities. “It has production capacity of 4 million cubic metres of gas per day and 12,000 barrels a day of condensate. The gas will be sold on the domestic market in Azerbaijan,” said TotalEnergies. Azerbaijan also supplies gas to Europe on the Trans-Adriatic Pipeline. “The development of the Absheron field provides an additional gas supply to meet growing demand at a competitive technical cost,” TotalEnergies added.
Italian natural gas grid and terminals operator SNAM reports rise in revenues as LNG imports double
Italian natural gas grid and LNG terminals operator SNAM reported an increase in annual revenues as LNG imports rose along with storage levels to cope with the European gas crisis.
