The US Embassy in Turkmenistan invites representatives of the Turkmen side to take part in the International Oil and Gas Exhibition and Conference (ADIPEC-2022). The forum will be held in Abu Dhabi, UAE from October 31 to November 3, 2022. This was reported on the website of the Union of Industrialists and Entrepreneurs of Turkmenistan (tstb.gov.tm).

Azerbaijan will support the implementation of the Trans-Caspian gas pipeline if the Turkmen authorities decide to build it, but Baku will not initiate the project, President Ilham Aliyev said, Interfax reports.

Turkmenistan ranks 7th in the world ranking of countries with the cheapest automotive fuel. This is evidenced by the data of the report on motor fuel prices in the world, published on August 29 by the online edition GlobalPetrolPrices.

From August 31 to September 2, the Tatarstan PetroChemical Forum – 2022 (TNF – 2022) was held at the Kazan Expo International Exhibition Center from August 31 to September 2, in which more than two thousand delegates took part. From Turkmenistan, the forum was attended by representatives of the State Concerns «Turkmengas» and «Turkmennebit», the State Corporation «Turkmengeology». This is reported by the website of the Consulate General of Turkmenistan in Kazan.

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.

At the auction of the State Commodity and Raw Materials Exchange of Turkmenistan, held on August 30, 13 transactions were concluded for a total of $17.7 million and 1.6 million Turkmen manats, ORIENT reports.

Gazprom has decided to create a gas transmission system with an operating pressure of 150 atmospheres (14.8 MPa). According to Interfax on Friday, Oleg Aksyutin, deputy chairman of the board of the company, said this at the Gazprom Supplier Day during the Tatarstan Petrochemical Forum.

The introduction of a price limit for Russian gas in Europe may be negatively perceived by other suppliers, they are unlikely to want to reduce the cost of supplies when the price ceiling is set, Maria Belova, research director at Vygon Consulting, shared her opinion with RIA Novosti.

Oil prices ended August with a decline and continue to fall on the first day of September.

The OPEC+ Technical Monitoring Committee has lowered its forecast for an oversupply in the market by the end of this year to 400,000 barrels per day from 900,000 earlier, Reuters reported, citing sources in the alliance, Prime reports.

Demand for gas in the world for 8 months of this year decreased by 40 billion cubic meters, almost 30 billion of which fell on the EU countries, this is 73% of the decline in global demand, Gazprom CEO Alexei Miller said, RIA Novosti reports.

The possibilities of organizing an official visit of the President of Turkmenistan Serdar Berdimuhamedov to the State of Qatar were discussed on Tuesday by the Minister of Foreign Affairs of Turkmenistan Rashid Meredov in a telephone conversation with his Qatari counterpart Mohammed bin Abdel Rahman Al Thani. This was reported on Tuesday by the website of the Foreign Ministry of Turkmenistan.

On Monday, August 29, 7 transactions were concluded at the State Commodity and Raw Materials Exchange of Turkmenistan for a total of $18.1 million and 416.4 thousand Turkmen manats, the Turkmen news agency ORIENT reports.

Prospects for further partnership in the fuel and energy sector were discussed on Monday at a meeting between President of Turkmenistan Serdar Berdimuhamedov and Chairman of the Board of Gazprom Alexei Miller.

Last week, 20 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan.