Gas prices in Europe have crossed a new «round» mark - $2000 per 1,000 cubic meters
12:07 23.12.2021 6155
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.
State visit of the President of Turkmenistan to Tajikistan begins
President of Turkmenistan Serdar Berdimuhamedov arrived on Wednesday on a two-day state visit to Tajikistan, following the talks, it is planned to sign a package of bilateral documents, TDH reports today.
Extraordinary meeting of the Halk Maslahaty of Milli Gengesh will be held on February 11
Extraordinary meeting of the Halk Maslahaty of the Milli Gengesh of Turkmenistan is scheduled to be held on February 11. This is provided for by the decree of President Gurbanguly Berdimuhamedov, who heads the People's Council – the upper house of the parliament of our country.
Oil price breaks seven-year records on supply worries
Oil prices continue to rise on Wednesday, renewing the highs since 2014 due to the risks of supply disruptions from the Middle East, Interfax reports.
Demand for oil in 2022 will grow by 3.3 million barrels per day, the market will be in short supply – IEA
Demand for oil in 2021 increased by 5.5 million barrels per day, and in 2022 it will increase by 3.3 million bpd, Interfax and Bloomberg report citing a report by the International Energy Agency (IEA).
Products of Turkmennebit and Turkmenchemistry have become the subject of foreign exchange transactions at the auction
69 transactions were concluded at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.