European natural gas prices plunged Wednesday after signs Russian gas flows into Europe were increasing ahead of what’s expected to be a miserable winter of tight supplies and high energy costs. Dutch natural gas futures, the European benchmark, dropped as much as 12% to € 64.14 per megawatt-hour after Russia’s state energy company Gazprom PJSC data showed flows to Europe via Ukraine and Poland increased Wednesday. “There are currently tentative signs Russia is sending more gas . More than 94 million cubic meters of natural gas are expected to flow through a key checkpoint in Europe’s pipeline network on Slovakia’s border with Ukraine Wednesday. That would mark an increase from roughly 85 million cubic meters on Tuesday and 75 million cubic meters on Monday, according to data from EUStream, which operates Slovakia’s gas transmission system,” Dow Jone’s commodities reporter Will Horner said. As the heating season has already begun, […]