Spot gas price in Europe exceeds $2,300 per thousand cubic meters
10:33 13.08.2022 5386
The spot price of gas in Europe has exceeded $2,300 per thousand cubic meters. The cost of the nearest (September) futures on TTF on the ICE Futures exchange reached $2,311 per thousand cubic meters on Thursday afternoon, while trading started at $2,200, Interfax notes.
Gas prices in Europe are rising due to the limited possibilities of transporting gas through the Nord Stream. Its power was reduced by five times.
European quotes are also spurring rising LNG prices in Asia.
From August 13 until the end of the month, part of the capacities of the Norwegian Troll field and the Kollsnes gas treatment plant will be shut down for annual preventive maintenance. Production capacity will decrease by 20 million cubic meters of gas.
In addition, the Gulf of Mexico is about to enter hurricane season (typically peaking between mid-August and mid-November), which could limit US LNG exports.
Turkmenistan at the UN General Assembly will propose to develop a global strategy for zero growth in greenhouse gas emissions
Turkmenistan at a regular session of the UN General Assembly will make a proposal to develop a global Zero GHG emissions strategy by 2030 and adopt the International Forum on this issue. This proposal is included in the priority positions of Turkmenistan at the 78th session of the UN General Assembly, published on the website of the Ministry of Foreign Affairs of Turkmenistan.
Iraq establishes committee to purchase Turkmen and Qatari gas
Iraqi Energy Minister Ziyad Ali Fadel told reporters about the formation of a joint committee to discuss issues of supplies of Turkmen and Qatari natural gas, the Iraqi news agency Iraqi News reports.
The summit of the heads of Uzbekistan, Turkmenistan and Tajikistan will give a new impetus to cooperation, - Shavkat Mirziyoyev
The summit of the heads of Uzbekistan, Turkmenistan and Tajikistan, held on August 4 in Ashgabat, will give a new impetus to interstate cooperation. This was stated by the President of Uzbekistan Shavkat Mirziyoyev in a letter addressed to the National Leader of the Turkmen people, Chairman of the Halk Maslakhaty of Turkmenistan Gurbanguly Berdimuhamedov.
Azerbaijan has laid an underwater pipeline commissioned by Turkmenistan
Pipe-laying vessel “Suleiman Vezirov”, owned by CJSC Azerbaijan Caspian Shipping Company (ASCO), completed the laying of the underwater pipeline at the oil field LAM and ZHDANOV in the Caspian Sea.
Businessmen from the UAE and Afghanistan purchased products of the Turkmennebit at the auction
40 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.