Europe Gas Extends Loss as Russian Decree Eases Payment Concerns
- Putin changed how foreign buyers have to pay for supplies
- Benchmark futures post their first weekly decline in five
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European natural gas prices extended this week’s loss after the Kremlin changed procedures to pay for Russian gas, easing concerns that flows to the region will be cut off.
Benchmark futures settled 0.2% lower on Friday for a fourth straight day of declines. The contract closed the week 2.8% lower, the first such loss since early November.