European Gas Falls After EU’s Green Light on Russia Payments
- Bloc says payments can be made in euros or dollars to Moscow
- Move eased some worries even as Russian flows remain capped
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The European Union’s green light to energy companies on payments to Russia helped send benchmark natural gas prices lower for a second day as invoice deadlines loom.
The European Commission sent its revised guidelines to member states, signaling that sanctions against Moscow do not prevent gas importers from opening new bank accounts. That means payments, satisfying President Vladimir Putin’s demands, could be made. Dutch front-month gas, the European benchmark, closed 4.2% lower.