Gazprom: the average export price for natural gas by the end of the year will approach 130 US dollars
19:27 01.10.2020 8818
Against the backdrop of rising prices for natural gas in Europe, Gazprom forecasts the average export price for this year at the level of 120-130 US dollars per 1,000 cubic meters. According to TASS, this was announced by the head of the contract structuring and pricing department of Gazprom Export, Sergei Komlev, during an online discussion about the prospects for the oil and gas sector.
“We confirm our forecast that the average price in 2020 will amount to USD 120-130 per thousand cubic meters. m. Somewhere the price will probably be closer to USD 130”, - he said.
At the same time, according to Komlev, the company maintains plans to export gas at the end of the year at the level of at least 170 billion cubic meters of gas.
The first autumn cold weather, which came to Europe at the end of last week, sharply turned up the prices for natural gas, and with lower temperatures than usual for this period. According to Interfax, the reached level of quotations is the highest since the beginning of December 2019. From the historical minimum of 34 US dollars per thousand cubic meters, which was recorded on May 21, the price of "blue fuel" has already increased 4.4 times.
This dynamic is also favorable for exporters of natural gas from the Central Asian region, including Turkmenistan. Earlier, some Russian experts expressed the opinion that the decrease in gas prices in Europe due to the warm winter of last year and the surplus of LNG on the European market will force Gazprom to reduce or abandon purchases of “blue fuel” from Central Asian countries.
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.
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".
Turkish company to build new gas compressor station in Turkmenistan
The President of Turkmenistan signed a Resolution authorizing the State Concern "Turkmengas" to enter into a contract with Çalik Enerji Sanayi ve Ticaret A.Ş. (Republic of Turkey) for the design, construction and equipping of the Shatlyk-1 gas compressor station in Mary velayat with the necessary equipment and commissioning, TDH reports.
The results of the work of the oil and gas complex of Turkmenistan for five months were summed up at the industry meeting
On Monday, June 12, a reporting meeting was held in the Central building of the oil and gas complex of Turkmenistan, at which the results of the work of enterprises in the industry for five months of this year, held under the motto “The Year of Happy Youth with Arkadag Serdarly”, were discussed.
Gurbanguly Berdimuhamedov: one of the priorities of cooperation between Turkmenistan and China is the fuel and energy sector
One of the priorities of cooperation between Turkmenistan and the People's Republic of China is the fuel and energy sector. This was stated by President of Turkmenistan Gurbanguly Berdimuhamedov in an interview with Chinese media before his trip to China to participate in the opening of the 2022 Winter Olympic Games in Beijing.