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.

The state concern «Turkmennebit» is working on a massive reduction in the loss of associated petroleum gas, collecting it at the oil wells of the Lebap, Mary and Balkan regions of Turkmenistan.

Global oil supplies in July reached a post-pandemic high amid an increase in production by OPEC+ countries, as well as a significant recovery of the industry after maintenance in a number of regions, Interfax writes, citing a monthly report from the International Energy Agency (IEA).

 On October 26-27, 2022, Ashgabat will host the XXVII International Conference «Oil and Gas of Turkmenistan -2022».  The organizers of the forum are the State Concerns «Turkmengas», «Turkmennebit» and the State Corporation «Turkmengeology» in partnership with the company «Turkmen Forum» with the support of the British company GaffneyCline, according to the website of the organizers.

Delegations from more than 30 states and heads of more than 30 international and specialized organizations confirmed their participation in the forthcoming Transport Conference of Landlocked Developing Countries in the city of Turkmenbashi on August 15-16, which is convened on the initiative of Turkmenistan under the auspices of the UN. This is reported by the website of the Ministry of Foreign Affairs of Turkmenistan.

The ceremony of laying a new automobile bridge across the Garabogazgol Bay along the Turkmenbashi–Garabogaz–Kazakhstan border highway took place on August 8, with the participation of President Serdar Berdimuhamedov, who is on vacation. This is a significant event both in terms of the implementation of the progressive foreign policy strategy of Turkmenistan and of the development of the economy of our country in a new historical era.

On August 6-7, Ashgabat hosted the International Exhibition "Construction, Industry, Energy of Turkmenistan-2022" and within its framework - the scientific conference "Development of the construction, industry, energy sectors of Turkmenistan", organized by the relevant ministries and departments, as well as the Trade and Industrial country chamber.

30 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.

Ashgabat will host the International Exhibition and Conference «Construction, Industry and Energy of Turkmenistan – 2022» on August 6-7. The forum is dedicated to the Day of Construction and Industrial Complex Workers.

OPEC+ ministers decided to increase oil production quotas in September by 100,000 barrels per day, Interfax reported on Wednesday, citing a source in one of the delegations.

On the territory of the Mary region, the gas workers of the «Turkmengazburawlayysh» department of the State Concern «Turkmengas», in accordance with the plan developed by the concern, carry out large-scale drilling of wells simultaneously at three new gas fields. As a result of drilling operations carried out by geologists at the Sherepli gas field, a commercial flow of natural gas was obtained from the operational appraisal well No. 01.

Prospects for further development of relations between Turkmenistan and the Cooperation Council for the Arab States of the Persian Gulf were discussed at the meeting of Vice-Chairman, Minister of Foreign Affairs of Turkmenistan Rashid Meredov with the Secretary General of this organization Naif Falah Mubarak Al-Hajraf, the website of the Foreign Ministry of Turkmenistan reports.

- It is very difficult to fill the Southern Gas Corridor (SGC) with Azerbaijani gas alone; gas from Turkmenistan is also needed. - This was stated by Julian Bowden, a senior researcher at the Oxford Institute for Energy Studies (OIES), Trend reports.

Last week, 35 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan.

Vice-Chairman of the Cabinet of Ministers Shakhym Abdrakhmanov, during an extended meeting of the government last Friday, reported on the work carried out by the oil and gas complex to increase oil and natural gas production, as well as the timely development of national investments in the coming years.