Gas price in Europe exceeded $3,300 per 1,000 cubic meters
09:16 27.08.2022 4779
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 discussed the prospects for regional cooperation with the President of the European Council
The President of Turkmenistan Serdar Berdimuhamedov, who is on a working visit to Uzbekistan to participate in the first Central Asia-European Union Summit, met with the President of the European Council António Costa on April 3, TDH reports.
It is planned to increase hydrocarbon production in Balkan region
In the Balkan region, a key region in the oil and gas sector of Turkmenistan, it is planned to increase natural gas production to 11 billion cubic meters per year by 2025. The head of the Department for Analysis of Economic Risks of the Agency for Protection from Economic Risks under the Ministry of Finance and Economy of Turkmenistan, Hangeldi Gurbangeldiev, said this in a commentary for the official Turkmen press.
The President of Turkmenistan took part in the first Central Asia-EU Summit and the Samarkand International Climate Forum
The President of Turkmenistan Serdar Berdimuhamedov, who is on a working visit to Uzbekistan, took part in the first Central Asia-European Union Summit and the Samarkand International Climate Forum on April 4, TDH reports.
The price of Brent rose above $100 per barrel again
Oil prices are rising moderately on Friday morning after falling the day before, foreign media reported.
Transactions for the export of LNG and jet fuel were entered at exchange trading
On Monday, August 22, 12 transactions were concluded at the State Commodity and Raw Materials Exchange of Turkmenistan for a total of $5.4 million, the ORIENT news agency reported.