Europe Gas Prices Halt Decline as Ruble-Payment Dilemma Lingers
- EU guidance on Russia purchases allows room for interpretation
- Italy’s Eni to open ruble, euro accounts to keep gas flowing
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Natural gas prices halted two days of losses, following signals from the European Union that payment for Russian supplies in rubles would constitute a breach of sanctions.
Benchmark Dutch front-month futures settled 1.4% higher at 94.18 euros per megawatt-hour after fluctuating between larger gains and losses earlier in the day. The UK equivalent rose 7.5%.