Gas prices in Europe have crossed a new «round» mark - $2000 per 1,000 cubic meters
12:07 23.12.2021 6945
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.
Turkmenistan and Kazakhstan intend to strengthen cooperation in the gas industry
The State Concern «Turkmengas» and the Ministry of Energy of Kazakhstan signed a Memorandum of Intent to Strengthen Cooperation in the Gas Industry.
Prospects for cooperation in the fuel and energy sector were discussed with BOTAŞ
On December 6, a meeting was held in Ashgabat between the management of the Turkmengas State Concern and a delegation from Turkey headed by Abdulvahit Fidan, Director General of BOTAŞ. The Turkmen side was led by Maksat Babayev, State Minister of Turkmenistan and Chairman of the Turkmengas State Concern.
Hero-Arkadag: There are great prospects for wide-format cooperation with Afghanistan
with the commissioning of facilities and laying new ones between Turkmenistan and Afghanistan, great prospects for wide-format cooperation open up. This was announced on September 11 at the ceremony of commissioning and starting of the construction of a number of infrastructure facilities with the participation of Afghanistan.
Serdar Berdimuhamedov: the interests of Turkmenistan and the SCO coincide in terms of strategic parameters
The interests of Turkmenistan and the SCO coincide in strategic parameters, said Vice-Chairman of the Cabinet of Ministers of Turkmenistan Serdar Berdimuhamedov, speaking on Thursday on the digital system at the 20th meeting of the Council of Heads of Government of the Shanghai Cooperation Organization member states.
Turkmenistan sent another humanitarian aid to Afghanistan
On Wednesday, September 11, as part of the start of construction of the Serhetabat-Herat gas pipeline and other infrastructure facilities on the Turkmen-Afghan border, humanitarian aid was sent at the expense of the Gurbanguly Berdimuhamedov Charitable Foundation for Assistance to Children in Need of Care.