Energy

BP-Led Consortium Advances $2.9 Billion Shah Deniz Expansion to Extend Plateau Production

BP-Led Consortium Advances $2.9 Billion Shah Deniz Expansion to Extend Plateau Production

BP and its international partners are advancing a $2.9 billion expansion of Azerbaijan's flagship Shah Deniz gas field, targeting low-pressure reserves and extended plateau production to sustain European gas supply through the Southern Gas Corridor.

April 23, 2026
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TotalEnergies and Masdar Launch $2.2 Billion Green Energy Joint Venture Covering Azerbaijan

TotalEnergies and Masdar Launch $2.2 Billion Green Energy Joint Venture Covering Azerbaijan

TotalEnergies and Abu Dhabi's Masdar have formed a $2.2 billion joint venture to develop solar, wind, and battery storage projects across nine Asian markets in 2026, with Azerbaijan among the priority countries given its 135GW onshore renewable potential.

April 23, 2026
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Trans Adriatic Pipeline Expands 2026 Capacity to Boost Azerbaijani Gas Flows to Italy and Albania

Trans Adriatic Pipeline Expands 2026 Capacity to Boost Azerbaijani Gas Flows to Italy and Albania

The Trans Adriatic Pipeline has begun adding 1.2 billion cubic metres of annual capacity in 2026, reinforcing Azerbaijan's position as a cornerstone of European energy supply.

April 23, 2026
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Azerbaijan Begins Gas Exports to Germany as SOCAR Signs Decade-Long Supply Deal with SEFE

Azerbaijan Begins Gas Exports to Germany as SOCAR Signs Decade-Long Supply Deal with SEFE

SOCAR and Germany's SEFE have signed a 10-year gas supply agreement, with annual volumes reaching 1.5 billion cubic metres, marking Azerbaijan's entry into Europe's largest gas market.

April 23, 2026
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SOCAR Closes €2.5 Billion Acquisition of Italy's Gruppo API, Expanding European Reach

SOCAR Closes €2.5 Billion Acquisition of Italy's Gruppo API, Expanding European Reach

Azerbaijan's state energy company SOCAR has completed its €2.5 billion takeover of Italian downstream group Gruppo API, marking a major expansion of its European footprint.

April 23, 2026
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TotalEnergies and Masdar Launch $2.2 Billion Renewable Energy Joint Venture Covering Azerbaijan

TotalEnergies and Masdar Launch $2.2 Billion Renewable Energy Joint Venture Covering Azerbaijan

French energy major TotalEnergies and Abu Dhabi's Masdar have agreed to co-develop solar, wind and battery storage projects across nine Asian nations including Azerbaijan.

April 23, 2026
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Azerbaijan Boosts Gas Exports to Europe by 56% as Southern Gas Corridor Expands

Azerbaijan Boosts Gas Exports to Europe by 56% as Southern Gas Corridor Expands

Azerbaijan has dramatically increased natural gas deliveries to Europe, with total exports reaching 25.2 billion cubic metres in 2025 and continuing to grow through 2026.

April 23, 2026
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Azerbaijan, Kazakhstan and Uzbekistan Form Green Corridor Union for Regional Clean Energy

Azerbaijan, Kazakhstan and Uzbekistan Form Green Corridor Union for Regional Clean Energy

Three Caspian nations launch the Green Corridor Union, a joint venture connecting grid operators for cross-border green energy development and transmission across Central Asia.

April 23, 2026
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