Spot gas price in Europe exceeds $2,300 per thousand cubic meters
10:33 13.08.2022 4889
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.
Deposits of drinking water with an area of 130.8 square kilometers were discovered in Lebap region
Deposits of drinking water with a total area of 130.8 square kilometers were discovered as a result of work carried out by specialists of the State Corporation «Turkmengeology» in Lebap region. This was reported by Vice-Chairman of the Cabinet of Ministers Shahym Abdrakhmanov at a government meeting last Friday.
The WTO representative discussed the possibilities of intensifying cooperation at the Ministry of Foreign Affairs of Turkmenistan
Opportunities for enhancing comprehensive cooperation with the WTO were discussed on Monday at a meeting between Vice-Chairman of the Cabinet of Ministers and Minister of Foreign Affairs of Turkmenistan Rashid Meredov and Deputy Director General of the World Trade Organization (WTO) Zhang Xianchen, who arrived in Ashgabat on a working visit. This is reported by the website of the Foreign Ministry of Turkmenistan.
For five months, the production plan at TCOR was fulfilled by 110.4%
The staff of the Turkmenbashi complex of oil refineries completed the five months of 2022 with good production and economic results. The volume of crude oil refining at the TCOR for this period amounted to more than 1 million 878 thousand tons, while the plan was fulfilled by 110.4%.
Topical aspects of Turkmen-Chinese cooperation discussed
Topical aspects of the Turkmen-Chinese partnership were discussed on December 26 at the Ministry of Foreign Affairs of Turkmenistan at a meeting between Deputy Minister of Foreign Affairs of the country Serdar Muhammetdurdyev and Deputy Head of the International Department of the Central Committee of the Communist Party of China Chen Zhou. This was reported by the Foreign Ministry of Turkmenistan.
Diesel fuel and jet fuel sold to Afghanistan at the auction
38 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.