Expert: European industry will not withstand such gas prices
09:07 19.08.2022 4200
Gas prices in Europe this winter may exceed $4,000 per 1,000 cubic meters, according to Gazprom. As noted in the forecast posted on the company's Telegram channel, «gas prices have broken through the $2,500 mark on spot exchanges in Europe. According to conservative estimates, if the trend continues, prices will exceed $4,000 per 1,000 cubic meters in winter».
On the air of Sputnik radio, Yury Rykov, head of the sector of the energy department of the Institute of Energy and Finance, noted that the upward trend in prices on spot sites is quite stable. «Gas has already risen to four thousand dollars, however, for a short time», he recalled.
In his opinion, it is possible to predict prices on stock exchanges only very approximately.
«Usually, when prices rise, it includes other factors that can change the situation … In general, it can be said that since gas, apparently, will not be enough, there will be a serious rise in prices by winter. But since at this moment problems with European industry will begin, demand will begin to fall and various options (price movements) are possible», Yury Rykov explained.
Already at three thousand dollars per thousand cubic meters, the European industry will face serious problems, the expert believes.
«If this situation continues, then, in my opinion, a recession in Europe is inevitable, and the industry will begin to decline, because most likely they will not be able to withstand such prices», Rykov said.
About 600 tons of polypropylene yarn were exported to Turkey, Russia and Uzbekistan
«Bagtyyar gurlushyk» company exported about 600 tons of polypropylene yarn. In particular, the company sent these products to Turkey, Russia and Uzbekistan, the press service of the Union of Industrialists and Entrepreneurs of Turkmenistan reported.
President of Turkmenistan instructed to study the possibilities of transit of energy resources to the countries of the Middle and Near East
The possibilities of expanding the directions of export of natural gas and electricity from Turkmenistan were discussed at a working meeting held via video link on Tuesday by President Gurbanguly Berdimuhamedov with the participation of Vice-Chairmen of the Cabinet of Ministers of our country, the State News Agency of the country reports.
Turkmenistan Embassy in Islamabad Discusses Cooperation with the International Congress of Parliamentarians
A meeting was held at the Embassy of Turkmenistan in Islamabad with a delegation led by the Secretary General of the International Congress of Parliamentarians (IPC), Senator Ms. Sitara Ayaz, during which they discussed ways to develop inter-parliamentary relations between Turkmenistan and the IPC, the Ministry of Foreign Affairs of Turkmenistan reports (https://www.mfa.gov.tm/ru/articles/1586).
Working meeting was held at the Research Institute of Natural Gas of the State Concern "Turkmengas"
In order to improve the quality of the current activities of the HR departments of organizations and enterprises subordinate to the State Concern "Turkmengas", to improve the professional skills of HR department employees and to ensure the proper performance of their job responsibilities, a working meeting on the topic "Methods of stimulating the development of mentoring" was held in the building of the Research Institute of Natural Gas.
Methods of obtaining hydrogen and the possibilities of its use
Currently, 85 percent of the world’s hydrogen is produced using steam methane reforming technology, 10 percent from oil and coal, and only 5 percent from water using electrolysis.