Gas prices in Europe have crossed a new «round» mark - $2000 per 1,000 cubic meters
17:07 23.12.2021 3339
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.
Aviation kerosene and liquefied gas sold to foreign buyers at the auction
Last week, 20 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan.
Representatives of Turkmenistan and Pakistan to discuss TAPI projects and power lines in Islamabad
From January 30 to February 4, deputy minister of Foreign Affairs of Turkmenistan Vepa Khadzhiev was seconded to Islamabad, the capital of Pakistan, to conduct comprehensive negotiations on energy projects. The corresponding order was signed by President Gurbanguly Berdimuhamedov during the government meeting held on Friday.
Maxim Bortnikov – Managing Director at the Center for the Implementation of the Principles of Sustainable Development of Gazprombank:
“The theme of the International Conference held in Ashgabat is rather topical, as evidenced by the composition of its participants, including representatives of government agencies, large international organizations, banks, big gas companies, scientists, leading specialists and experts in the oil and gas sphere.
The mysterious gas crater has its own real story
The President of Turkmenistan, speaking on January 7 at the first meeting of the Government this year, ordered to find a solution to extinguish the gas crater that has been burning for more than 50 years in the very center of the Karakum desert.
More than 1.8 million tons of "black gold" were shipped to TCOR in five months
The specialists of the main oil pipelines department have achieved good results in the delivery of "black gold" mined in the Balkan region to TCOR.