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Milestone for a major offshore gas project with a high-profile set of signatories; potential incremental gas volumes could boost TTE's exposure if volumes materialize, though lack of disclosed terms limits near-term traction.
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TotalEnergies joins SOCAR, ADNOC International and BOTAS to sign a natural gas offtake for Azerbaijan's Absheron field. While volume terms are not disclosed, the partnership signals potential new gas flows to regional markets and could modestly expand TotalEnergies' gas exposure, with potential earnings impact tied to project timing and production milestones.
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