Gas prices in Europe did not fall after the return of supplies via Nord Stream
17:41 22.07.2022 10946
Gas prices in Europe have not decreased after the resumption of supplies via Nord Stream. For a week now, the quotes have been steadily holding above $1,600 per thousand cubic meters.
Spot gas prices in Europe against the backdrop of the restart of the Nord Stream after the prevention remained above $1,600 per thousand cubic meters. In Asia, prices are significantly lower - September futures on the JKM Platts index (Japan Korea Marker; reflects the spot market value of cargo delivered to Japan, South Korea, China and Taiwan) is trading at $1,360, Interfax reports.
Europe continues to pump gas into underground storage facilities (UGS). UGS data, now regulated by law, is now one of the most important economic and political indicators for the region, reflecting the ability of the EU leadership to ensure energy security. At the moment, the reserves are 64.97%, according to data from the association Gas Infrastructure Europe.
Since this year, the EU has introduced strict regulation of the use of underground storage facilities. By the beginning of the withdrawal season in 2022, the reserves should be at least 80% of the UGS capacity, in the next - 90%.
European LNG receiving terminals are 68% loaded on average in July against 63% in June. So far, the region remains a premium market for LNG, as prices in Asia are slightly below European hubs.
Europe's wind power generation averaged 10% Monday-Thursday, after last week's average of 11%, according to WindEurope data.
Hero-Arkadag and Recep Erdogan noted the rapid development of bilateral cooperation
On Sunday, March 30, a telephone conversation took place between the National Leader of the Turkmen people, Chairman of the Halk Maslahaty of Turkmenistan Hero-Arkadag Gurbanguly Berdimuhamedov and the President of the Republic of Turkey Recep Tayyip Erdogan, TDH reports.
Over 320 billion cubic meters of Turkmen gas supplied since the start of operation of the Turkmenistan-China gas pipeline, – CNPC
Since the opening of the transnational Turkmenistan-China gas pipeline in 2009, over 320 billion cubic meters of Turkmen gas have been exported to the Celestial Empire. General director of the branch of the National Petroleum Corporation of China (CNPC) Chen Huailong stated this, the Watan news program of the Turkmen television reported.
OPEC will be headed by a representative of Kuwait from August
At an extraordinary meeting of OPEC, the ministers elected a new secretary general of the organization – from August 1, 2022, Haitham Al-Qais from Kuwait was elected for a period of three years, Interfax reported.
Modern Information and Analytical Center for sustainable energy development has been opened in Turkmenistan
Today, March 26, the grand opening of the Information and Analytical Center was held at the Natural Gas Research Institute of the State Concern "Turkmengas". The center is equipped with the latest IT equipment purchased with the support of the European Union project "Green Development of Turkmenistan: Policy Dialogue and Climate Action for 2024-2028", funded by the European Union and the German Foreign Ministry and implemented by GIZ.
Preparations are underway for the 8th meeting of the Turkmen-Romanian Working Commission on Cooperation in the Energy Sector
On March 27, President of Turkmenistan Serdar Berdimuhamedov held a regular meeting of the Cabinet of Ministers via a digital system, the agenda of which included a number of issues of state life, TDH reports.