Verity Ratcliffe, Bloomberg News
DUBAI
EnergiesNet.com 045 02 2022
Natural gas prices in Europe declined as buyers considered options to keep receiving supply from Russia without violating sanctions.
The most-widely traded June contract closed 7.2% lower, following gains in the previous two days. In the strongest sign yet of workarounds to meet Moscow’s demand for ruble payments, Hungary confirmed that it is sending euros to Gazprombank JSC, which it is then allowing to be converted into the local currency. Italy’s Eni SpA is preparing to open ruble accounts with the Russian bank.
The most-widely traded June contract closed 7.2% lower, following gains in the previous two days. In the strongest sign yet of workarounds to meet Moscow’s demand for ruble payments, Hungary confirmed that it is sending euros to Gazprombank JSC, which it is then allowing to be converted into the local currency. Italy’s Eni SpA is preparing to open ruble accounts with the Russian bank.
bloomberg.com 04 28 2022
