Gas in Europe is again more expensive than $1,000 per thousand cubic meters after the refusal of the Netherlands and Denmark from supplies from Russia
09:07 02.06.2022 11251
The spot price of gas in Europe has exceeded $1,000 per thousand cubic meters amid the failed generation of wind farms, as well as the refusal of the Netherlands and Denmark from the new payment system for Russian gas and the cessation of its supply to these buyers, Interfax reports.
The nearest (already July) futures for the TTF index on the ICE Futures exchange on Tuesday morning rose to $1,046 per thousand cubic meters. The spot gas price in the EU has remained below $1,000 since May 7, but the decisions of Denmark and the Netherlands, as well as the EU oil embargo on Russian oil, gave quotes new growth grounds.
The situation with the generation of electricity from renewable sources in Europe deteriorated sharply on Monday. On May 30, the capacity of wind turbines provided only 5.6% of the energy balance in the EU – this is the minimum value since the end of December last year, according to data from the WindEurope association.
It is predicted that this week the belated spring cold will finally pass, sunny and low-wind weather will set in. This will lead to a reduction in renewable electricity generation and an increase in the use of gas, as well as an increase in energy consumption for air conditioning.
Hydrogeologists conduct an effective search for groundwater in Dashoguz region
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Chairman of the Halk Maslahaty of Turkmenistan discussed priority vectors of cooperation with the President of Uzbekistan
As part of a friendly visit to Uzbekistan, the National Leader of the Turkmen people, Chairman of the Halk Maslahaty of Turkmenistan Gurbanguly Berdimuhamedov arrived at the Congress Center of Samarkand on April 24. A bilateral meeting of Hero-Arkadag with President Shavkat Mirziyoyev took place here, TDH reports.
The President of Uzbekistan presented Arkadag with the highest award of the Republic "Oliy Darajali Dustlik"
The National Leader of the Turkmen people, Chairman of the Halk Maslahaty of Turkmenistan Gurbanguly Berdimuhamedov arrived in Uzbekistan on April 23, the International Information Center of Turkmenistan reports.
GECF predicts double increase in gas production in Turkmenistan by 2050
Secretary General of the Gas Exporting Countries Forum (GECF) Mohammed Hamel, speaking at the International Forum on Attracting Foreign Investments in the Economy of Turkmenistan (TEIF 2025), announced a forecast according to which the volume of gas production in Turkmenistan will double by 2050 and will amount to 150 billion cubic meters.
Ashirguly Begliev appointed Advisor to the President of Turkmenistan on oil and gas issues
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