Monthly Archives: January 2022

The first month of 2022 turned out to be a turbulent one for commodities markets. Spot prices for thermal coal in the Australian city of Newcastle, the biggest hub in the Asia-Pacific region, rose by 40 % from the beginning of the year (to $244 a tonne), according to Refinitiv data. Brent prices hit $90 in trading, their highest level since October 2014, and the price of gas on Europe’s leading TTF hub shot up over $1,100 per 1,000 cubic metres.

In the morning of 25th January, three countries in Central Asia linked by the unified energy system – Kazakhstan, Kyrgyzstan and Uzbekistan – were hit by a mass power outage.

Achieving world-wide carbon neutrality by 2050 will require about $275 trillion in spending by the world economy.

World-wide capital expenditure on oil and gas exploration and production will rise by 18 % to $355.1 billion), according to the results of a poll of 170 oil and gas companies conducted by Barclays Bank in the period from 16th November to 14th December.

The first sea shipment of liquefied hydrogen will operate between the Port of Hastings on Australia’s southeast coast to Kobe, on the Japanese island of Honshu, according to an announcement by HySTRA, the CO₂- free Hydrogen Energy Supply-chain Technology Research Association.