Europe Gas Drops as Rising Stockpiles Take Edge Off Supply Risk
- Finland flows to be cut, following ruble-payment spat
- Rising inventories have helped to blunt risk to supplies
This article is for subscribers only.
Natural gas prices in Europe declined as rebounding stockpiles helped soothe supply concerns, even after Russia’s decision to cut flows to Finland this weekend.
Benchmark futures fell 3.4% on Friday, extending this week’s loss to 9.3%, the most for the period since March. Europe’s gas inventories are recovering to near-seasonal levels as companies prepare for any potential disruption from Russia, the continent’s top provider.