Russian Gas Flows to Europe Plunge After Prices Collapse

Russian Gas Flows to Europe Plunge After Prices Collapse

Market awaits supply reductions because of slump in prices. Natural gas flows from Europe's biggest supplier slumped after a price rout and with storage sites at above-average levels.. Day-ahead gas prices in Germany jumped 24% to 5.10 euros per megawatt-hour, or the most since November 2019.. Qatar, one of the biggest liquefied natural gas suppliers to Europe, has said it will not cut its exports amid the glut despite low prices..