Gas prices in Europe have crossed a new «round» mark - $2000 per 1,000 cubic meters
12:07 23.12.2021 6266
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.
Checkers competitions
Twelfth game
A new gas flow was obtained at the Galkynysh field
The oil and gas industry, being one of the leading sectors of the national economy, plays an important role in strengthening the country's economic independence. The key aspect of the fundamental reforms in the fuel and energy complex implemented during the Renaissance of the new era of a powerful state is the effective use of the potential of the oil and gas industry, diversification of the sales market and radical modernization of infrastructure.
INTERNATIONAL FORUM TEIF 2025: HOW TURKMENISTAN OPENED NEW HORIZONS FOR GLOBAL INVESTMENTS
On April 23–24, 2025, the Turkmenistan International Investment Forum (TEIF 2025) was held in the heart of Kuala Lumpur, in the newest KLCC complex. More than 470 delegates from 42 countries gathered under one roof to witness a new stage in the investment policy of Turkmenistan – a state with a stable, prosperous and dynamic economy.
Gurbanguly Berdimuhamedov discussed priority areas of cooperation with the Federal President of Germany
On April 30, Chairman of the Halk Maslahaty of Turkmenistan Gurbanguly Berdimuhamedov held a telephone conversation with the Federal President of Germany Frank-Walter Steinmeier, TDH reports.
Foreign Ministers of Turkmenistan, India and Pakistan discussed the progress of the TAPI project
The implementation of the project for the construction of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline was discussed on Monday in a telephone conversation between the Minister of Foreign Affairs of Turkmenistan Rashid Meredov and his counterparts from India Subramanyam Jaishankar and Pakistan Shah Mahmud Qureishi, the website of the Foreign Ministry of Turkmenistan reports.