European wholesale gas prices remain elevated amid pipeline equipment dispute 

The key pipeline from Russia to Germany has been operating at about 20% of capacity since last week, due to maintenance issues

As the energy crisis continues, soaring inflation is threatening to tip some of the EU's largest economies into recession. Picture: PA wire

European wholesale gas prices reversed losses after Russia signalled that more equipment for the Nord Stream 1 pipeline could be caught up in sanctions-related delays.

Three compressor turbines in Russia are in need of repairs, and may be subject to the same sanctions risks as a unit that’s currently stranded in Germany following maintenance, state-producer Gazprom said in a statement.