The price of gas in Europe exceeded $2,200 per 1,000 cubic meters
23:08 27.07.2022 8328
The spot price of gas in Europe by Tuesday evening exceeded $2,200/ths.m3 in anticipation of the failure of another gas pumping unit on the Nord Stream, Interfax reports.
The cost of the nearest (August) TTF futures on the ICE Futures exchange rose to $2244 on Tuesday evening.
A day earlier, trading closed at $1,852, and since the beginning of the month, the quotes averaged $1,720.
Gazprom reported that due to the end of the time between overhauls before overhaul, the concern is stopping the operation of another Siemens gas turbine engine at the Portovaya compressor station (CS).
As a result, the daily output of the Portovaya CS from 07:00 Moscow time on July 27 will be up to 33 million cubic meters. m per day compared to the current 67 million cubic meters. m per day (40% of productivity).
Analysts at Rystad Energy, a research company, note that with such a level of supplies under SP1, it will be very difficult for the European Union to achieve the target level of gas reserves in UGS facilities of 80% by November 1. In addition, analysts warn that US LNG supplies to Europe will complicate the upcoming hurricane season.
OPEC will be headed by a representative of Kuwait from August
At an extraordinary meeting of OPEC, the ministers elected a new secretary general of the organization – from August 1, 2022, Haitham Al-Qais from Kuwait was elected for a period of three years, Interfax reported.
President of Turkmenistan outlined the priorities for the development of the country's gas industry
Last Wednesday, President of Turkmenistan Gurbanguly Berdimuhamedov held a meeting in the administrative center of Lebap velayat, at which he heard reports from the heads of the country's fuel and energy complex and defined the tasks of developing the gas industry for the future, the State News Agency of the country reports.
Turkmenistan is one of the three leaders in the supply of gasoline to Uzbekistan
In January-November 2021, Uzbekistan imported 141.2 million liters of motor gasoline from Turkmenistan. This was reported by the State Statistics Committee of Uzbekistan. Thus, Turkmenistan ranks second in the supply of motor gasoline to the neighboring country.
Over 320 billion cubic meters of Turkmen gas supplied since the start of operation of the Turkmenistan-China gas pipeline, – CNPC
Since the opening of the transnational Turkmenistan-China gas pipeline in 2009, over 320 billion cubic meters of Turkmen gas have been exported to the Celestial Empire. General director of the branch of the National Petroleum Corporation of China (CNPC) Chen Huailong stated this, the Watan news program of the Turkmen television reported.
New gas resources discovered in Lebap region of Turkmenistan
In the territories adjacent to the Malay and Nayip gas fields in the Lebap region of Turkmenistan, a new dome was discovered in the lower layers of the Northern Dervush and Malay fields. Chairman of the State Corporation «Turkmengeology» Merdan Rozyev reported this to President Gurbanguly Berdimuhamedov at a working meeting in Turkmenabat, the State Television and Radio Broadcasting of Turkmenistan reported.