Gas prices in Europe have crossed a new «round» mark - $2000 per 1,000 cubic meters
12:07 23.12.2021 6846
The spot gas price in Europe has easily reached a new «round» psychological level of $2000 per thousand cubic meters.
The price of the nearest (January) futures on TTF on the ICE Futures exchange on Tuesday afternoon reached 174.61 euros per MWh, that is, $2,039 per thousand cubic meters, Interfax reports.
This is an absolute record in the entire history of trading. In November, the «day ahead» contract was traded on TTF at an average of $945, in December - $1316 per thousand cubic meters. Since the beginning of the year, the average contract value has reached $537.
Gazprom did not order transit through Yamal-Europe for the gas day of Tuesday. The pipeline stopped and switched to reverse mode – gas flows from west to east.
The updated weather forecast promises several days of severe cold in Europe this and next weeks. On average, the December air temperature in the region in December 2021 is more than 2 degrees lower than a year earlier.
At the same time, the production of electricity from renewable sources has dropped dramatically in Europe. On Monday, the contribution of wind generation to electricity generation was only 9.4%, while in the previous week the average figure was 13.7%, with a maximum on Sunday – 20%, according to data from the WindEurope association.
The current level of gas reserves in underground storage facilities in Europe has reached 59.57% of their maximum capacity, which is 16.3 percentage points below the average for the last five years, according to data from Gas Infrastructure Europe.
Following the results of the 5th meeting of the Turkmen-Chinese Committee for Cooperation, a package of documents was signed
On Monday, November 22, a regular, 5th meeting of the Turkmen-Chinese Committee for Cooperation was held. The meeting, organized by videoconference, was chaired by the co-chairman of the Turkmen part of the committee, Vice-Chairman of the Cabinet of Ministers Serdar Berdimuhamedov and co-chairman of the Chinese part of the committee, member of the Standing Committee of the Political Bureau of the CPC Central Committee, Vice Premier of the State Council of the PRC Han Zheng.
US Ambassador to Turkmenistan believes that Caspian gas pipeline will support EU energy security
The creation of a gas pipeline along the bottom of the Caspian Sea from Turkmenistan to Turkey will be beneficial for these countries and will help ensure the energy security of the European Union. This was stated to journalists by US Ambassador to Turkmenistan Elizabeth Rood, TASS reports.
Serdar Berdimuhamedov will discuss development of Turkmen-Chinese cooperation with Vice Premier of the State Council of the People's Republic of China
Today, November 22, a video communication system will be held between the Vice-Chairman of the Cabinet of Ministers of Turkmenistan Serdar Berdimuhamedov and a member of the Standing Committee of the Politburo of the Central Committee of the Communist Party of China, Vice Premier of the State Council of the PRC Han Zheng. This was reported by Xinghua news agency with reference to the official representative of the PRC Foreign Ministry Zhao Lijian.
Turkmenistan launched initiatives to expand partnerships within the framework of the EU-Central Asia format
A regular meeting of the heads of the foreign affairs agencies of Central Asia and the European Union in the «EU – Central Asia» format opened on November 22 in Dushanbe, the website of the Ministry of Foreign Affairs of Turkmenistan reports. The meeting was attended by a delegation of our country led by Deputy Foreign Minister Vepa Khadzhiev.
Turkmenistan joined the Agreement on the establishment of the Global Green Growth Institute
President Gurbanguly Berdimuhamedov signed the law of Turkmenistan «On joining the Agreement on the establishment of the Global Green Growth Institute». The document was published on Monday in the Neutral Turkmenistan newspaper.