advertisement

European natural gas prices headed for a third weekly gain as persistent concerns over Russian supply heightens the risk of shortages. 

Benchmark futures are 5.9% higher this week, adding to last weeks surge when Moscow slashed supplies through the key Nord Stream pipeline to just 20% of its capacity, citing issues with equipment. But Kremlin insiders have privately said that the cuts are to

pressure the European Union over sanctions on Russia, while Berlin

advertisement

has repeatedly said it sees no technical reasons for the reduced flows.