European Gas Prices Stabilize as Some Russian Exports Increase

European natural gas prices steadied on Friday after a choppy week, as traders’ concerns of Russian supply disruptions due to the war in Ukraine easing slightly and with the end of the region’s heating season in sight.

Benchmark futures closed little changed, with prices posting their second weekly decline in a row. Russian gas flows via Ukraine rebounded to levels agreed in a transit accord, grid data showed. That helped offset lower shipments into Germany via the Nord Stream 1 pipeline and the absence of flows west through the Yamal-Europe link.

Europe has been battling a gas crunch this winter, ...