Pipeline pressure adds to nervousness over winter gas

The landfall facility of the Nord Stream 1 Baltic Sea pipeline and the transfer station of the Opal gas pipeline in Lubmin in Germany.

European wholesale gas advanced after four days of losses as issues reported at the shuttered Nord Stream pipeline added to uncertainty over future Russian supply.

Prices on the futures market rose as much as 6.4%, after dropping to a two-month low earlier this week. Late Monday, Nord Stream reported a pressure drop on both strings of the pipeline and said it was investigating the incident. The link was shut this month and there’s no impact on supplies, but it adds to nervousness in the market.