Gas in Europe has risen in price by 30% due to the situation with Nord Stream

19:39 05.09.2022 2227

https://oilgas.gov.tm/storage/posts/5435/original-16315c2ecd2e59.jpeg

 The spot price of gas in Europe is growing by 30%, to almost $2,900/ths.  Cube  m due to the ongoing shutdown of Nord Stream, Interfax reports today.

 The price of the nearest (October) futures on TTF on the ICE Futures exchange rose to $2,855 per thousand cubic meters since the beginning of trading on Monday, while trading closed on Friday at $2,213.

 The Nord Stream gas pipeline failed to operate after maintenance.  Oil leaks have been identified in Siemens engines, and this fault can only be repaired by a factory repair.  Repair of Siemens engines is possible only at a plant in Montreal, and Canada has imposed sanctions on Gazprom.

 “Today, Siemens has practically no opportunity to provide regular overhauls of our gas pumping units. Siemens simply has nowhere to carry out these works,” Alexei Miller, Chairman of the Board of Gazprom, said.

Other articles
162bd43e067841.jpeg
The Sixth Caspian Summit held in Ashgabat confirmed the desire of the «Caspian five» to expand cooperation

On June 29, the capital of Turkmenistan hosted the Sixth Caspian Summit, which was chaired by the President of Turkmenistan Serdar Berdimuhamedov. The venue for the Ashgabat meeting of the heads of the Caspian states was the luxurious Arkadag Hotel, which provides all the conditions for receiving distinguished guests and organizing major international events.


162bd53401143d.jpeg
Vladimir Putin: Gazprom management will soon arrive in Turkmenistan

President of the Russian Federation Vladimir Putin announced the imminent visit of the leadership of «Gazprom» to Turkmenistan. The Russian leader said this while answering journalists' questions at the end of the Sixth Caspian Summit, which took place on June 29 in Ashgabat, according to the website of the President of Russia.


162bd85004290b.jpeg
SC «Turkmennebit» and «Dragon Oil (Turkmenistan) Ltd.» extended the Production Sharing Agreement until 2035

Today, June 30, in the Central building of the oil and gas complex of Turkmenistan, a contract was signed between the State Concern «Turkmennebit» and the company «Dragon Oil (Turkmenistan) Ltd.» on the extension of the Production Sharing Agreement until May 1, 2035.


160ffb613cb87f.jpeg
The next well of the Malay field gave a industrial gas inflow

At the Malay field, as a result of drilling another well, an industrial gas flow with a flow rate of more than 400 thousand cubic meters per day was given. The drilling works were carried out by the foremen of the «Turkmengazburavlayysh» department of the State Concern «Turkmengas».


16100fc2a08cfe.jpeg
TCOR produced more than 26 thousand tons of liquefied gas in six months

The Turkmenbashi complex of oil refineries, which is one of the largest industrial enterprises in the country, is increasing the volume of certain types of high-quality products in demand both in the domestic and foreign markets.