European Gas Slips With Focus on Russia’s Nord Stream Link
- Gazprom declared force majeure on EU supply over past month
- Canada sent stranded Nord Stream turbine to Germany: paper
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European natural gas prices swung between gains and losses, before settling lower, with traders weighing news on Russia’s exports and maintenance at its key pipeline to the continent.
Gazprom PJSC has declared force majeure on supplies to several European buyers, according to people familiar with the matter. The Russian gas giant, which had already been curbing shipments to Europe and has closed its main pipeline for maintenance, said in a letter dated July 14 that the force majeure notice applied to supplies over the past month.