European Gas Falls After EU Guides on Paying for Russian Supply
- Bloc suggests companies could keep paying for gas in euros
- Europe’s premium over Asian spot LNG is attracting cargoes
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Natural gas prices in Europe extended losses after the European Union suggested companies could keep paying for natural gas in euros.
The bloc has indicated that Russia’s demand for payment in rubles may violate sanctions imposed on Moscow following the invasion of Ukraine. Russia had previously signaled that agreements would be fulfilled only when rubles had been received from Gazprombank JSC.