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European Gas Surges as Germany Clashes With Russia Over Supply

  • Russian gas flows via Ukraine fall further on Thursday
  • Germany says Moscow is using energy exports as a weapon
Updated on

European natural gas prices jumped as some shipments from Russia were disrupted, and Germany said Moscow was using energy as a weapon in an escalating clash over supply.

The benchmark contract surged 14% as flows from Russia via Ukraine fell further Thursday following interruptions at a cross-border entry point as a result of the war. It adds to the market’s concerns, as Moscow retaliates to Europe’s penalties with a slew of its own curbs targeting some gas companies in the region.