European gas traders are once again focusing on exports from its biggest supplier as freezing weather is set to return to the region.
Moscow-based Gazprom PJSC said on Feb. 1 that it reduced shipments through the Opal pipeline in Germany, which delivered about 15 percent of Russia’s gas exports outside the former Soviet Union last month, following a legal challenge led by Poland. The relatively minor cut rekindled memories of shutoffs during freezing weather eight years ago and helped to push prices to the highest in almost two years.
