European Gas Prices Jump as Russia to Curb Nord Stream Flows

European natural gas prices jumped more than 10% on Wednesday after Gazprom PJSC said it will halt another turbine and reduce flows through the Nord Stream pipeline.

The key pipeline will pump 33 million cubic meters a day, or just 20% of its capacity, from Wednesday as another turbine is halted for maintenance, Gazprom said in a statement. The move poses further risks to Europe’s gas supply ahead of winter.

Russia Cuts Nord Stream Flows Further, Escalating Gas Fight

Nord Stream flows were already reduced to 40% of capacity since last month, after sanctions on Russia delayed the return ...