Gas price in Europe exceeded $3,300 per 1,000 cubic meters
09:16 27.08.2022 4356
The spot price of gas in Europe on Thursday evening continued its active growth. A jump in prices at the end of the European trading session is usually the result of the influence of the growth of quotations in the Asian market, Interfax reports.
The price of the nearest (September) TTF futures on the ICE Futures exchange reached $3,312 per thousand cubic meters.
Since the beginning of August, the average price for TTF was $2,323; in July, gas was traded at an average of $1,764 per thousand cubic meters.
The historical maximum price for gas in Europe was recorded on March 7, 2022, when at some point $3898 was given for the April futures.
The possibilities of the main suppliers of pipeline gas to Europe are technically limited: in Norway, preventive maintenance at the fields continues, and the capacity of the Nord Stream gas pipeline has been reduced due to violations of the maintenance schedule and breakdowns.
Asian buyers earlier this year tried not to force gas purchases on the spot, giving up free volumes to Europeans. However, as winter approaches, they are faced with the task of forming their own gas reserves.
Pre-conference day of the TESC 2025 forum
On Thursday, June 5, the International Scientific and Practical Conference "Environmental Aspects of Implementation of Innovative Technologies in the Development of Hydrocarbon Deposits" (TESC) will open in Ashgabat. The forum is organized by the State Concerns "Turkmengas", "Turkmennebit", the State Corporation "Turkmengeology" together with the "Turkmen Energy Forum".
Preparations for the VI Caspian Summit discussed
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Gurbanguly Berdimuhamedov held a meeting on expanding Turkmen gas export routes
The issues of expanding export routes for the supply of Turkmen natural gas were discussed at a meeting held on Tuesday by President Gurbanguly Berdimuhamedov with the participation of Vice-Chairmen of the Cabinet of Ministers for the fuel and energy complex, economy and foreign policy, the State News Agency of Turkmenistan reports.
Preparations for the implementation of energy projects discussed at talks in Islamabad
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800 delegates from 20 countries of the world will take part in the scientific forum on environmental aspects of the development of the fuel and energy complex
The International Scientific and Practical Conference: «Energy Prospects, New Technologies for the Development of Hydrocarbon Deposits» in the Year «The Happy Youth with Arkadag Serdarly» will be held at the Yagshygeldi Kakayev International Oil and Gas University on June 15.