Trade & industry · Briefing

Partners approve expansion of Azerbaijan's Absheron gas field

SOCAR confirmed the partners' final investment decision on 26 September.

TotalEnergies says the development would increase the field's annual gas production from 1.5 billion to 6 billion cubic metres, with start-up expected in 2029. Gas would supply Azerbaijan's domestic market and exports to Turkey.

SOCAR's announcement confirms an investment milestone. It does not represent additional capacity already operating, or by itself establish a supply contract for Hungary.

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Budapest Global Review: Partners approve expansion of Azerbaijan's Absheron gas field. Budapest Global Review, 26 September 2026. https://globalreview.hu/en/cikk/absheron-gazmezo-beruhazasi-dontes-2026-szeptember

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