Gas price in Europe exceeded $3,300 per 1,000 cubic meters
09:16 27.08.2022 3687
The spot price of gas in Europe on Thursday evening continued its active growth. A jump in prices at the end of the European trading session is usually the result of the influence of the growth of quotations in the Asian market, Interfax reports.
The price of the nearest (September) TTF futures on the ICE Futures exchange reached $3,312 per thousand cubic meters.
Since the beginning of August, the average price for TTF was $2,323; in July, gas was traded at an average of $1,764 per thousand cubic meters.
The historical maximum price for gas in Europe was recorded on March 7, 2022, when at some point $3898 was given for the April futures.
The possibilities of the main suppliers of pipeline gas to Europe are technically limited: in Norway, preventive maintenance at the fields continues, and the capacity of the Nord Stream gas pipeline has been reduced due to violations of the maintenance schedule and breakdowns.
Asian buyers earlier this year tried not to force gas purchases on the spot, giving up free volumes to Europeans. However, as winter approaches, they are faced with the task of forming their own gas reserves.
«Nebitgazchykarysh»: 503 wells repaired in 11 months
The repairmen of the «Nebitgazchykarysh» enterprise of the State Concern «Turkmennebit» of the Balkan region have achieved great results since the beginning of 2021. The enterprise overhauled and commissioned 503 wells in January-November.
At the government meeting, measures to strengthen the material-technical base and export potential of the fuel and energy sector were discussed.
President of Turkmenistan Serdar Berdimuhamedov held another meeting of the Cabinet of Ministers via digital system on May 10, where a number of national life issues were addressed.
Measures in the oil and gas complex were taken to hold elections at the proper level
Last Friday, President Serdar Berdimuhamedov held a regular meeting of the Cabinet of Ministers by digital system, at which the results of the elections of deputies of the Mejlis of Turkmenistan, members of the velayat (regional), etrap (province), city halk maslahaty and gengeshes were considered.
The President approved proposals for the rational use of oil refinery capacities
On February 28, 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.
The amount of foreign exchange transactions on the exchange of Turkmenistan exceeded $90 million
68 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.