Wholesale gas prices ease on gradual Russian flow return, but experts warn more is needed

Russia provides a third of Europe's gas and its supply intentions are critical at a time when a surge in spot prices has hit households and businesses alike
Wholesale gas prices ease on gradual Russian flow return, but experts warn more is needed

Russian president Vladimir Putin ordered state gas company Gazprom this month to increase supplies to Europe and rebuild its inventories there once domestic storage tanks are replenished.

Wholesale gas prices fell in Europe after Russian gas flows resumed to Germany, raising hopes that Moscow is carrying out a pledge to increase supplies and ease concerns about shortages and high prices before winter.

Russia started pumping gas to Germany again late on Monday via a pipeline from Yamal in Siberia, a day after a halt in exports had pushed up prices in Europe. The gas flows later rose to their highest level in almost two weeks, German data showed.

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