Azerbaijan's 2027 budget package puts the profit tax paid by Shah Deniz shareholders at AZN 1.42 billion ($835.3 million), AZN 180 million less than the 2026 forecast. The decline is attributed to lower gas and condensate output and a lower reference price on European hubs.
Gas
The most important energy news from Azerbaijan: electricity, gas, prices and infrastructure.
Absheron: a committee of the parliament in Baku endorses the revised production sharing agreement for the gas field
EUROENERGY NEWSROOM | Azerbaijan | 7 Nov 2026
A committee of Azerbaijan's parliament recommended on 6 November that the bill approving the amended and restated version of the production sharing agreement for the Absheron offshore block be sent to the plenary. The parties are SOCAR, TotalEnergies, SOCAR Absheron and an ADNOC subsidiary.
Shah Deniz produced 20 billion m³ of gas in nine months, 4.8% less than in 2025
EUROENERGY NEWSROOM | Azerbaijan | 5 Nov 2026
Azerbaijan’s Shah Deniz field produced around 20 billion cubic metres of gas and 3 million tonnes of condensate in the first three quarters of 2026, according to the report published by bp on 4 November. Gas output fell by 4.8%, and exports via the Sangachal terminal dropped to 73.4 million cubic metres per day.
Day-ahead price today in Romania (€/MWh)
| 01:00 | 240.96 |
| 02:00 | 226.08 |
| 03:00 | 214.88 |
| 04:00 | 217.84 |
| 05:00 | 216.27 |
| 06:00 | 216.60 |
| 07:00 | 223.24 |
| 08:00 | 223.35 |
| 09:00 | 220.36 |
| 10:00 | 220.28 |
| 11:00 | 211.95 |
| 12:00 | 212.96 |
| 13:00 | 213.97 |
| 14:00 | 211.38 |
| 15:00 | 216.18 |
| 16:00 | 273.12 |
| 17:00 | 318.59 |
| 18:00 | 315.99 |
| 19:00 | 317.07 |
| 20:00 | 316.25 |
| 21:00 | 324.31 |
| 22:00 | 322.30 |
| 23:00 | 290.60 |
| 00:00 | 256.94 |
Romania's consumption today (MW)
● low-consumption hours ● average consumption ● peak hours
Quick data
updated 20:38
News archive
News by country
Published articles: 1423 · Show all the news
