Europe Gas Extends Losses as Politicians Rush to Contain Crisis
- EU energy ministers will gather on Friday to discuss options
- Norway supplies have declined due to seasonal maintenance
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European natural gas prices erased earlier gains, with traders weighing supply risks against regional moves to stem the effects of the worst energy crisis in decades.
Benchmark futures dropped as much as 6.2%, following wild moves in recent days. Russia’s decision to indefinitely shut its key Nord Stream pipeline to Germany last week has forced European governments to plan market interventions.