Gas prices in Europe have crossed a new «round» mark - $2000 per 1,000 cubic meters
17:07 23.12.2021 3025
The spot gas price in Europe has easily reached a new «round» psychological level of $2000 per thousand cubic meters.
The price of the nearest (January) futures on TTF on the ICE Futures exchange on Tuesday afternoon reached 174.61 euros per MWh, that is, $2,039 per thousand cubic meters, Interfax reports.
This is an absolute record in the entire history of trading. In November, the «day ahead» contract was traded on TTF at an average of $945, in December - $1316 per thousand cubic meters. Since the beginning of the year, the average contract value has reached $537.
Gazprom did not order transit through Yamal-Europe for the gas day of Tuesday. The pipeline stopped and switched to reverse mode – gas flows from west to east.
The updated weather forecast promises several days of severe cold in Europe this and next weeks. On average, the December air temperature in the region in December 2021 is more than 2 degrees lower than a year earlier.
At the same time, the production of electricity from renewable sources has dropped dramatically in Europe. On Monday, the contribution of wind generation to electricity generation was only 9.4%, while in the previous week the average figure was 13.7%, with a maximum on Sunday – 20%, according to data from the WindEurope association.
The current level of gas reserves in underground storage facilities in Europe has reached 59.57% of their maximum capacity, which is 16.3 percentage points below the average for the last five years, according to data from Gas Infrastructure Europe.
The Minister of Economy of Azerbaijan Discusses Bilateral Cooperation Expansion Issues with the Leadership of the Fuel and Energy Complex of Turkmenistan
On Wednesday, the Government of Turkmenistan held negotiations on expanding the Turkmen-Azerbaijani cooperation in the oil and gas sector with the Minister of Economy of Azerbaijan Mikayil Jabbarov, who is visiting Ashgabat at the head of the Azerbaijani delegation.
New technologies make work at gas stations more comfortable
Employees of the Gubadag Oil Enterprise of the Main Directorate of «Turkmennebitonumleri» for 11 months of this year have demonstrated effective results of their activities. After major reconstruction, a filling station No. 170 was put into operation, located in the eastern part of the Gubadag-Dashoguz highway.
Fuel and energy complex enterprises took part in the second virtual exhibition, which opened in honor of the Day of Neutrality of Turkmenistan
On the eve of the Day of Neutrality of Turkmenistan, the second virtual exhibition of the economic achievements of our country was opened on Thursday. The exhibition is organized by the Chamber of Commerce and Industry in partnership with ministries and departments, private enterprises of Turkmenistan.
President of Turkmenistan congratulated workers of the oil and gas industry and geology on their professional holiday
Today, December 14, Turkmenistan celebrates the Day of Oil and Gas Industry and Geology Workers. On this occasion, President of Turkmenistan Gurbanguly Berdimuhamedov sent a congratulatory message to the workers of the oil and gas industry of our country.
Oil is confidently rising in price, the price of Brent rose to $76.42 per barrel
Oil prices are rising on Thursday on new signals that the spread of the omicron COVID-19 strain will not have such serious consequences for the global economy as initially expected, Interfax reported.