European gas prices jump over fears Russia stops supplying Poland

Benchmark futures increased as much as 17% to €108.45 per megawatt-hour

Refugees at the border crossing in Medyka, south-eastern Poland, earlier this month. Picture: AP/Sergei Grits

The prices of European wholesale gas jumped following reports Russia has halted deliveries to Poland.

Flows have stopped under the Yamal contract, Onet website reported, citing Polish government sources it didn’t name. Onet says it has also confirmed the news at Poland’s dominant gas company.