Russian Gas Link Set to Restart as Traders Weigh Further Halts
- Nord Stream operator data show flows back Saturday as planned
- Germany fears there’ll be another supply cut in mid-October
This article is for subscribers only.
Russia looks set to resume gas supplies through a key pipeline to Europe, a relief for markets even as fears persist about more halts this winter. Prices plunged as much as 16%.
It will bring some consolation to policy makers who had feared Moscow could decide against switching the gas back on after the latest bout of maintenance. But Europe is set to remain on tenterhooks through the winter, with surging prices ravaging its economies. Germany has said it can’t count on Russian gas at all during the colder months and the government is bracing for Gazprom PJSC to call another shutdown for repairs as soon as next month.