Europe’s Benchmark Gas Rises With Lower Orders for Russian Fuel
- Flows via Ukraine fell to 68% of Gazprom’s transit contract
- Benchmark futures gain after seven sessions of declines
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Europe’s benchmark natural gas prices edged higher, following seven sessions of declines, with Russian supplies through Ukraine falling on Tuesday and the Kremlin saying that peace talks stalled.
Orders for Russian gas transiting Ukraine dropped to about 68% of the amount that Gazprom PJSC can send under its transit contract. The Russian company reiterated that flows were in line with requests from customers. Supplies through another route, the Nord Stream pipeline, were near full capacity, grid data showed.