Advertisement
UK markets closed
  • FTSE 100

    8,433.76
    +52.41 (+0.63%)
     
  • FTSE 250

    20,645.38
    +114.08 (+0.56%)
     
  • AIM

    789.87
    +6.17 (+0.79%)
     
  • GBP/EUR

    1.1622
    +0.0011 (+0.09%)
     
  • GBP/USD

    1.2525
    +0.0001 (+0.01%)
     
  • Bitcoin GBP

    48,605.36
    -1,555.10 (-3.10%)
     
  • CMC Crypto 200

    1,261.60
    -96.41 (-7.10%)
     
  • S&P 500

    5,222.68
    +8.60 (+0.16%)
     
  • DOW

    39,512.84
    +125.08 (+0.32%)
     
  • CRUDE OIL

    78.20
    -1.06 (-1.34%)
     
  • GOLD FUTURES

    2,366.90
    +26.60 (+1.14%)
     
  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     
  • HANG SENG

    18,963.68
    +425.87 (+2.30%)
     
  • DAX

    18,772.85
    +86.25 (+0.46%)
     
  • CAC 40

    8,219.14
    +31.49 (+0.38%)
     

Azeri Absheron gas field could start production at end-2019

BAKU, April 25 (Reuters) - Natural gas production at Azerbaijan's Absheron field in the Caspian Sea could begin in late 2019 or early 2020, an official at Azeri state energy company SOCAR said on Tuesday.

Absheron is an offshore gas field in the Caspian Sea located 100 km southeast of Baku and 25 km northeast of the Shah Deniz gas field. It covers about 270 square kilometres and is operated by French major Total (LSE: 524773.L - news) .

The field, discovered in 2011, is expected to contain 350 billion cubic metres of natural gas and 45 million tonnes of condensate. (Reporting by Nailia Bagirova; writing by Vladimir Soldatkin; editing by Maria Kiselyova)