Total Discovery Boosts Caspian Gas Hopes

摘要

A major gas discovery offshore Azerbaijan announced on Friday by Total is a huge boost for exploration in the Caspian Sea and could have a big impact on energy flows from the region to Europe, industry sources said. The first results of the well in the Absheron Block "confirm a potential of several trillion cubic feet of gas and associated condensates," Total said in a statement. One industry source told International Oil Daily: "It's great news for Azerbaijan, it's great news for Total, it's great news for Nabucco and it's great news for other exploration blocks in the vicinity."