Gas prices in Europe did not fall after the return of supplies via Nord Stream
17:41 22.07.2022 11292
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.
Schoolchildren’s summer holiday season starts in Geokdere
The summer vacation season is currently in full swing in our country. Tired of the school bustle, the children plunged headlong into the atmosphere of joy, fun and new adventures that every day gives them, spent in one of the many children’s health centers in the picturesque corner of our country – the Geokdere Gorge.
The Presidents of Turkmenistan and Kazakhstan discussed issues of bilateral and regional cooperation
During his working visit to Kazakhstan, President of Turkmenistan Serdar Berdimuhamedov met with the Head of the Republic Kassym-Jomart Tokayev, TDH reports.
Serdar Berdimuhamedov: Turkmenistan is interested in expanding multifaceted cooperation in the Central Asia-Italy format
On May 30, President of Turkmenistan Serdar Berdimuhamedov paid a working visit to Kazakhstan, where he took part in the First Summit in the Central Asia-Italy format, held in Astana.
Uzbekneftegaz plans to buy oil from Petronas subsidiary in Turkmenistan
Uzbek holding corporation Uzbekneftegaz and Petronas Charigali (Turkmenistan) SDN BHD are working on a program for supplying Turkmen oil to Uzbekistan in 2023, according to the Uzbek edition of Newshub.uz.
Teleconference between the participants of «OGT-2021» and «Expo Dubai 2020» was held
Today, on the second day of the XXVI International Conference «Oil and Gas of Turkmenistan -2021», a teleconference was held with the participants of the International Exhibition «Expo Dubai 2020». Its participants discussed one of the most pressing topics of our time – the transition to a low-carbon future through the use of natural gas and alternative energy sources.