Gas in Europe is again more expensive than $1,000 per thousand cubic meters after the refusal of the Netherlands and Denmark from supplies from Russia
09:07 02.06.2022 11291
The spot price of gas in Europe has exceeded $1,000 per thousand cubic meters amid the failed generation of wind farms, as well as the refusal of the Netherlands and Denmark from the new payment system for Russian gas and the cessation of its supply to these buyers, Interfax reports.
The nearest (already July) futures for the TTF index on the ICE Futures exchange on Tuesday morning rose to $1,046 per thousand cubic meters. The spot gas price in the EU has remained below $1,000 since May 7, but the decisions of Denmark and the Netherlands, as well as the EU oil embargo on Russian oil, gave quotes new growth grounds.
The situation with the generation of electricity from renewable sources in Europe deteriorated sharply on Monday. On May 30, the capacity of wind turbines provided only 5.6% of the energy balance in the EU – this is the minimum value since the end of December last year, according to data from the WindEurope association.
It is predicted that this week the belated spring cold will finally pass, sunny and low-wind weather will set in. This will lead to a reduction in renewable electricity generation and an increase in the use of gas, as well as an increase in energy consumption for air conditioning.
The seaport of Turkmenbashi in 2021 increased the volume of cargo transportation by 28%
The seaport of Turkmenbashi in 2021 increased the volume of cargo transportation by 28% compared to 2019. This was announced by the Ambassador, Permanent Representative of Turkmenistan to the UN Office in Geneva, Atageldy Khaljanov, speaking at the conference "International transport and transit corridors: interconnection and development" that opened on Monday in Ashgabat.
Turkmenistan and Kazakhstan aim to promote partnership in the fuel and energy sector, transport and other areas
On February 3, political consultations between the foreign ministries of Turkmenistan and Kazakhstan were held in Astana, the Ministry of Foreign Affairs of our country reported.
Volumes of petroleum products for 2022 for domestic consumers have been changed
Turkmenistan has made changes and additions to the volume of oil products for 2022 for domestic consumers, approved by the document of the head of state dated January 21 this year.
Turkmenistan voiced its position on priority areas of cooperation with the ECO
A delegation of Turkmenistan headed by Deputy Foreign Minister Ahmet Gurbanov took part in the First Meeting of the High-Level Committee of Deputy Foreign Ministers of the Economic Cooperation Organization (ECO) countries, held in Tehran, the Ministry of Foreign Affairs of Turkmenistan reports.
Seydi refinery increases production and export of bitumen
The Seydi oil refinery is consistently increasing the output of oil products and increasing the volume of export deliveries. Over the past period of the year, passing under the motto "Epoch of people with Arkadag", a batch of high-quality road bitumen in the amount of 1300 tons was sent from the enterprise to Uzbekistan.