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 11504
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.
Liquefied gas and jet fuel were sold abroad at the auctions, and polypropylene and base oil were sold to the domestic market
27 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.
The President of Turkmenistan and the Vice President of the UAE noted the active dynamics of cooperation in the energy, oil and gas and other spheres
The development of bilateral cooperation was discussed at a meeting on February 21 between the President of Turkmenistan Serdar Berdimuhamedov and the Vice President, Deputy Prime Minister, Minister of the Presidential Administration of the United Arab Emirates Sheikh Mansour bin Zayed Al Nahyan, who arrived in our country on a visit, TDH reports.
The work of the Interdepartmental Commission on the Caspian Sea was discussed at the Ministry of Foreign Affairs of Turkmenistan
The 63rd meeting of the Interdepartmental Commission of Turkmenistan on the Caspian Sea was held at the Ministry of Foreign Affairs on February 23. The meeting was attended by the relevant Vice-Chairmen of the Cabinet of Ministers of the country, the Director of the Caspian Sea Institute, heads of a number of ministries and specialized departments.
Products of oil refineries were sold at the auction
Last week, 35 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan.
Turkmenistan started exporting gasoline A-98 of EURO-5 and EURO-6 standards
Turkmenistan has started exporting A-98 gasoline of EURO-5 and EURO-6 standards, the first batches were sold to entrepreneurs from the United Arab Emirates and Afghanistan.