Total Strikes Gas In Caspian Sea

Law360, New York (July 2, 2012, 5:32 PM EDT) -- Total SA and its partners in an Azerbaijan gas field on Monday announced a new find, confirming the central Asian republic as one of the world's hottest energy zones and uncovering a potential new source of gas for planned pipelines to Europe.

Total, GDF Suez SA and the country's state-owned energy firm, SOCAR, have found up to 10 trillion cubic feet of gas at the Absheron offshore block in the Caspian Sea, which they have been exploring for more than three years. The trio struck gas...
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