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 10689
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.
Turkmenistan exported natural gas worth $ 6.1 billion to China in January-November
Turkmenistan continues to hold a leading position in pipeline export of «blue» fuel to China. According to the General Customs Administration of the PRC, during January-November 2021, the Celestial Empire received 21.91 million tons of Turkmen natural gas through the Turkmenistan-China pipeline, which is $ 6.1 billion in monetary terms.
In Ankara, at the meeting of the Intergovernmental Commission, cooperation between Turkmenistan and Turkey in the oil and gas sector was emphasized
As part of the working visit of the delegation of Turkmenistan to Turkey, the eighth meeting of the Intergovernmental Turkmen-Turkish Commission on Economic Cooperation was held in Ankara on February 24-25, the Ministry of Foreign Affairs of Turkmenistan reported today.
Management of «Gumdagnebit» significantly increased the rate of production growth in January-February
Oil and gas production department «Gumdagnebit» of the State Concern «Turkmennebit» in January-February 2023, held under the motto «The Year of Happy Youth with Arkadagly Serdar», ensured the production of about 91 thousand tons of oil from existing wells. At the same time, the plan for the reporting period was fulfilled by 112 percent. Compared to the same period last year, the achieved growth rate exceeded 124 percent.
The final results of the elections of deputies to the Mejlis, members of the Halk Maslahaty and Gengeshes have been summed up
The final results of the nationwide elections of deputies of the Mejlis, members of the halk maslahaty and Gengeshes, held on March 26, were summed up on Wednesday at a meeting of the Central Commission for Elections and Referendums in Turkmenistan (CEC), TDH reports.
The volume of purchases of Turkmen gas by Gazprom will double in 2021, - Russian Ambassador to Turkmenistan
In 2021, the volume of gas purchased by Gazprom from Turkmenistan is likely to double and amount to about 10 billion cubic meters. This was stated on Friday by the Russian Ambassador to Turkmenistan Alexander Blokhin at a press conference at the embassy dedicated to the annual results of the Turkmen-Russian cooperation.