Gas prices in Europe did not fall after the return of supplies via Nord Stream
17:41 22.07.2022 11756
Gas prices in Europe have not decreased after the resumption of supplies via Nord Stream. For a week now, the quotes have been steadily holding above $1,600 per thousand cubic meters.
Spot gas prices in Europe against the backdrop of the restart of the Nord Stream after the prevention remained above $1,600 per thousand cubic meters. In Asia, prices are significantly lower - September futures on the JKM Platts index (Japan Korea Marker; reflects the spot market value of cargo delivered to Japan, South Korea, China and Taiwan) is trading at $1,360, Interfax reports.
Europe continues to pump gas into underground storage facilities (UGS). UGS data, now regulated by law, is now one of the most important economic and political indicators for the region, reflecting the ability of the EU leadership to ensure energy security. At the moment, the reserves are 64.97%, according to data from the association Gas Infrastructure Europe.
Since this year, the EU has introduced strict regulation of the use of underground storage facilities. By the beginning of the withdrawal season in 2022, the reserves should be at least 80% of the UGS capacity, in the next - 90%.
European LNG receiving terminals are 68% loaded on average in July against 63% in June. So far, the region remains a premium market for LNG, as prices in Asia are slightly below European hubs.
Europe's wind power generation averaged 10% Monday-Thursday, after last week's average of 11%, according to WindEurope data.
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.