European Gas Declines as Buyers Ready to Cope With Supply Risk
- Benchmark futures ease after jumping 14% on Thursday
- Russian gas flows via Ukraine have been curtailed this week
A section of a gas transit pipeline near Mukachevo, western Ukraine.
Photographer: Vincent Mundy/Bloomberg
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Natural gas prices in Europe declined the most in a month with majors buyers in the region saying they can ride out the latest threat to Russian supply.
Benchmark futures fell 9.2%, and posted a weekly loss. Russian shipments through Ukraine have dropped this week, but stayed broadly stable on Friday -- near the lowest since late April -- based on data from the Ukrainian gas grid and a statement from Gazprom PJSC.