MOL signed major agreement in Azerbaijan to develop gas reserves of the ACG field
Budapest/Baku, 23[rd] September 2024: MOL Group and its Joint Venture (JV) partners signed commercial agreements for the development of gas reserves in Azerbaijan. After SOCAR and BP, MOL is the third largest shareholder in the giant ACG field, where non-associated gas reservoirs were identified beneath and above the producing oil reservoirs. The partners have now agreed on the development and commercial exploitation of these reserves. MOL has also signed a Memorandum of Understanding with SOCAR to evaluate further potential cooperation opportunities in the area of hydrocarbon exploration in
The urgent need for a global shift from fossil fuels forms the foundation of AFRY’s newly published Fossil Detox Report. The report underlines the critical technologies and strategies required to accelerate the transition and mitigate the ongoing climate crisis.AFRY launches this comprehensive report during New York Climate Week. The report dives into key sectors such as electricity grids, hydrogen, and storage technologies, and presents a roadmap for accelerating the climate transition.
"The Fossil Detox Report confirms that, though renewable technologies have grown at an unprecedented
