Gas in Europe has risen in price by 30% due to the situation with Nord Stream
14:39 05.09.2022 4931
The spot price of gas in Europe is growing by 30%, to almost $2,900/ths. Cube m due to the ongoing shutdown of Nord Stream, Interfax reports today.
The price of the nearest (October) futures on TTF on the ICE Futures exchange rose to $2,855 per thousand cubic meters since the beginning of trading on Monday, while trading closed on Friday at $2,213.
The Nord Stream gas pipeline failed to operate after maintenance. Oil leaks have been identified in Siemens engines, and this fault can only be repaired by a factory repair. Repair of Siemens engines is possible only at a plant in Montreal, and Canada has imposed sanctions on Gazprom.
“Today, Siemens has practically no opportunity to provide regular overhauls of our gas pumping units. Siemens simply has nowhere to carry out these works,” Alexei Miller, Chairman of the Board of Gazprom, said.
The President of Turkmenistan and the President of the European Commission expressed confidence in the successful holding of the Central Asia-EU Summit
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 Commission Ursula von der Leyen on April 3.
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.
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.
Gas price in Europe exceeded $3,300 per 1,000 cubic meters
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.
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.