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Russia Sends Less Gas to EU as Buyers Hit Supply Limits Early

  • Gazprom clients said to have already taken full-year volumes
  • Fall in Russian gas flows due to drop in client requests

Russian gas flows to Europe dropped sharply this week as some buyers under long-term deals have already hit their contracted supply limits for the year, according to people with direct knowledge of the matter. 

European benchmark gas futures soared to a record Tuesday as Gazprom PJSC’s exports through a major transit route to Germany halted. The supply drop was due to a decrease in client requests for the fuel, said the people, who declined to be identified because the matter is private.