ANL 31.91 Increased By ▲ 2.76 (9.47%)
ASC 16.05 Decreased By ▼ -0.45 (-2.73%)
ASL 25.52 Increased By ▲ 0.37 (1.47%)
AVN 106.00 Increased By ▲ 6.82 (6.88%)
BOP 9.59 Increased By ▲ 0.08 (0.84%)
BYCO 9.71 Increased By ▲ 0.35 (3.74%)
DGKC 116.55 Increased By ▲ 4.45 (3.97%)
EPCL 47.55 No Change ▼ 0.00 (0%)
FCCL 24.24 Increased By ▲ 2.74 (12.74%)
FFBL 27.10 Decreased By ▼ -1.74 (-6.03%)
FFL 18.35 Decreased By ▼ -0.88 (-4.58%)
HASCOL 14.54 Increased By ▲ 0.46 (3.27%)
HUBC 87.60 Increased By ▲ 0.85 (0.98%)
HUMNL 6.88 Decreased By ▼ -0.37 (-5.1%)
JSCL 30.12 Decreased By ▼ -2.27 (-7.01%)
KAPCO 41.90 Increased By ▲ 1.09 (2.67%)
KEL 4.13 Decreased By ▼ -0.05 (-1.2%)
LOTCHEM 15.86 Decreased By ▼ -0.13 (-0.81%)
MLCF 46.31 Increased By ▲ 2.41 (5.49%)
PAEL 40.15 Increased By ▲ 0.09 (0.22%)
PIBTL 13.06 Increased By ▲ 0.02 (0.15%)
POWER 11.63 Decreased By ▼ -0.02 (-0.17%)
PPL 92.91 Decreased By ▼ -0.81 (-0.86%)
PRL 24.83 Increased By ▲ 1.03 (4.33%)
PTC 9.08 Decreased By ▼ -0.29 (-3.09%)
SILK 1.35 Increased By ▲ 0.13 (10.66%)
SNGP 44.21 Decreased By ▼ -0.39 (-0.87%)
TRG 121.92 Increased By ▲ 6.99 (6.08%)
UNITY 34.96 Increased By ▲ 1.28 (3.8%)
WTL 1.09 No Change ▼ 0.00 (0%)
BR100 4,932 Decreased By ▼ -13.84 (-0.28%)
BR30 25,441 Decreased By ▼ -190.22 (-0.74%)
KSE100 46,166 Decreased By ▼ -292.08 (-0.63%)
KSE30 19,259 Decreased By ▼ -111.16 (-0.57%)
Markets

Azerbaijan's Absheron gas field output start-up put back to 2022

  • The site is being developed by SOCAR and France's Total and is part of Azeri plans to become a major gas exporter.
  • The field has estimated reserves of 350 billion cubic metres (bcm) of gas and 45 tonnes of gas condensate.
13 Jan 2021

BAKU: Output from the Absheron gas field in the Caspian Sea is expected to begin in 2022, Azeri state energy firm SOCAR said on Wednesday, a year later than had been expected.

The site is being developed by SOCAR and France's Total and is part of Azeri plans to become a major gas exporter.

Azerbaijan began gas exports to Europe from its Shah Deniz field in December.

Total in 2019 forecast a 2021 start to output from Absheron following positive results from a first well.

The field has estimated reserves of 350 billion cubic metres (bcm) of gas and 45 tonnes of gas condensate, according to SOCAR.

The first phase of the project is expected to produce about 1.5 bcm per year to supply the domestic market and the next phase about 5 bcm.

The condensate will be exported through the Baku-Tbilisi-Ceyhan oil pipeline.