Spot gas price in Europe exceeds $2,300 per thousand cubic meters
10:33 13.08.2022 5125
The spot price of gas in Europe has exceeded $2,300 per thousand cubic meters. The cost of the nearest (September) futures on TTF on the ICE Futures exchange reached $2,311 per thousand cubic meters on Thursday afternoon, while trading started at $2,200, Interfax notes.
Gas prices in Europe are rising due to the limited possibilities of transporting gas through the Nord Stream. Its power was reduced by five times.
European quotes are also spurring rising LNG prices in Asia.
From August 13 until the end of the month, part of the capacities of the Norwegian Troll field and the Kollsnes gas treatment plant will be shut down for annual preventive maintenance. Production capacity will decrease by 20 million cubic meters of gas.
In addition, the Gulf of Mexico is about to enter hurricane season (typically peaking between mid-August and mid-November), which could limit US LNG exports.
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.
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.
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.
Products of TCOR and SC "Turkmengas" sold on the stock exchange of Turkmenistan
49 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.