Gas prices in Europe have crossed a new «round» mark - $2000 per 1,000 cubic meters
12:07 23.12.2021 6441
The spot gas price in Europe has easily reached a new «round» psychological level of $2000 per thousand cubic meters.
The price of the nearest (January) futures on TTF on the ICE Futures exchange on Tuesday afternoon reached 174.61 euros per MWh, that is, $2,039 per thousand cubic meters, Interfax reports.
This is an absolute record in the entire history of trading. In November, the «day ahead» contract was traded on TTF at an average of $945, in December - $1316 per thousand cubic meters. Since the beginning of the year, the average contract value has reached $537.
Gazprom did not order transit through Yamal-Europe for the gas day of Tuesday. The pipeline stopped and switched to reverse mode – gas flows from west to east.
The updated weather forecast promises several days of severe cold in Europe this and next weeks. On average, the December air temperature in the region in December 2021 is more than 2 degrees lower than a year earlier.
At the same time, the production of electricity from renewable sources has dropped dramatically in Europe. On Monday, the contribution of wind generation to electricity generation was only 9.4%, while in the previous week the average figure was 13.7%, with a maximum on Sunday – 20%, according to data from the WindEurope association.
The current level of gas reserves in underground storage facilities in Europe has reached 59.57% of their maximum capacity, which is 16.3 percentage points below the average for the last five years, according to data from Gas Infrastructure Europe.
Turkmenistan and Singapore have great opportunities for developing cooperation in a number of areas, - Foreign Ministry
Turkmenistan and Singapore have great opportunities for developing mutually beneficial cooperation in various areas. This was discussed at the ceremony of presenting credentials by the Ambassador Extraordinary and Plenipotentiary of Turkmenistan to the Republic of Singapore (with residence in Seoul) Begench Durdyev to the President of Singapore Halima Yakob.
SC “Turkmengeology” is working to increase the volume of oil and gas production
Last Friday, July 28, President Serdar Berdimuhamedov held a regular meeting of the Cabinet of Ministers via the digital system, at which some issues of state life and draft documents were considered.
A regular meeting of the Interdepartmental Commission of Turkmenistan on the issues of the Caspian Sea was held
On Saturday, July 29, under the leadership of the Vice-Chairman of the Cabinet of Ministers of Turkmenistan, Minister of Foreign Affairs of Turkmenistan Rashid Meredov, a regular meeting of the Interdepartmental Commission of Turkmenistan on the Caspian Sea was held.
The Ambassador of Turkmenistan to Belgium confirmed Ashgabat’s readiness to strengthen partnership with the EU in the field of energy
Ashgabat’s readiness to strengthen cooperation with the European Commission in the energy sector was announced by Ambassador Extraordinary and Plenipotentiary of Turkmenistan to Belgium Sapar Palvanov at a meeting with President of the European Commission Ursula von der Leyen. This is reported by the website of the Foreign Ministry of Turkmenistan.
The Foreign Ministers of Turkmenistan, Tajikistan and Uzbekistan discussed the agenda of the upcoming summit of the heads of state of the three countries
The preparation and holding of the Summit of the Presidents of Turkmenistan, Tajikistan and Uzbekistan in Ashgabat in August this year were discussed on Wednesday at a meeting of the Ministers of Foreign Affairs of the participating countries: Rashid Meredov, Sirojiddin Mukhriddin and Bakhtiyor Saidov. This was reported by the Ministry of Foreign Affairs of Turkmenistan.