European natural-gas prices jump as Russia cuts supplies again

European natural-gas prices jump as Russia cuts supplies again

Europe’s options for filling its natural-gas stores to avoid a winter energy crisis are narrowing as flows from Russia decrease and U.S. shipments are poised to stall, sending gas prices higher. 

Russia’s Gazprom PJSC said Wednesday that flows through the Nord Stream pipeline to Germany would fall further, a day after it cut exports on the route by 40%. The state-owned energy giant said it had turned off another turbine engine at the Portovaya compressor station, which pumps gas through the subsea pipeline, due to maintenance delays.

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