Spot gas price in Europe exceeds $2,300 per thousand cubic meters
15:33 13.08.2022 2922
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.
At the exchange of Turkmenistan, the amount of foreign transactions exceeded 3.1 million US dollars
Over the past week, 9 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan.
Summed up the results of seven months
In the Balkan region at the Central Office of the oil and Gas Complex of Turkmenistan, a reporting meeting was held in the format of a videoconference dedicated to the results of the work done in the first 7 months of this year.
Mohammed Barkindo: free production capacity is the lowest in history, political decisions are needed
Free production capacity of OPEC countries is the lowest in its 62-year history due to underinvestment in the industry amid calls to phase out fossil fuels, political solutions are needed to solve the problems of lack of oil in the market. This was said by OPEC Secretary General Mohammed Barkindo during the opening of the conference in Nigeria on Tuesday, July 5, Interfax reported.
Entrepreneurs of Dashoguz region are increasing production of products from domestic polyethylene and polypropylene
Entrepreneurs of Dashoguz region are increasing the range of products made from domestically produced synthetic polymers. Thus, the list of new products includes wicker garden furniture, the main raw materials for which are polyethylene and polypropylene.
At the government meeting, the results of the fuel and energy complex for January-July 2021 were summed up
Last Friday, President Gurbanguly Berdimuhamedov, who was on a working trip to the Balkan region, held an off-site meeting of the Cabinet of Ministers in the Avaza National Tourist Zone, which summed up the economic development of the sectors of the economy of Turkmenistan for seven months of 2021.