Gas price in Europe exceeded $3,300 per 1,000 cubic meters
09:16 27.08.2022 3676
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.
The President of Turkmenistan has sent the draft State Budget of the country for 2025 to the Mejlis for consideration
The President of Turkmenistan Serdar Berdimuhamedov has sent the draft State Budget of the country for 2025 to the Mejlis. Vice-Chairman of the Cabinet of Ministers Hojamyrat Geldimyradov reported to the President on the preparation of the draft State Budget of Turkmenistan for next year at a government meeting held via video link on November 15.
Pakistani leaders are interested in implementing joint energy projects with Turkmenistan
The President and Prime Minister of Pakistan in their letters to the President of Turkmenistan Serdar Berdimuhamedov expressed their interest in promoting joint energy projects in South and Central Asia.
The President of Turkmenistan signed the Resolution to ensure the uninterrupted operation of the Korpeje gas compressor station
On November 15, President Serdar Berdimuhamedov held a regular meeting of the Cabinet of Ministers via a digital system, where key tasks of the country's socio-economic development were discussed, drafts of a number of documents were reviewed, as well as some other issues.
The President of Turkmenistan and the head of CNPC discussed the prospects for cooperation in the gas sector
Prospects for cooperation in the gas industry were discussed on Monday at a meeting between President of Turkmenistan Serdar Berdimuhamedov and member of the board, President of China National Petroleum Corporation (CNPC) Hou Qijun, the State News Agency of Turkmenistan reports.
The President of Turkmenistan took part in the opening of a new gas gathering station in Lebap region
As part of a festive trip last Saturday to the Lebap region, President of Turkmenistan Serdar Berdimuhamedov took part in the solemn ceremony of commissioning a new gas gathering station.