Gazprom, On Tuesday, started implementing a plan to send natural gas into five storage sites in Europe Gas prices in Europe plunged on Tuesday after spiking on Monday Russia’s gas giant Gazprom said on Tuesday it had approved and started implementing a plan to send natural gas into five storage sites in Europe, sending European gas prices down today after a spike on Monday. The volumes and the transportation routes for the gas flows have been determined, Gazprom said in a brief statement, easing concerns on the market and sending prices lower on Tuesday morning. Natural gas prices at the Dutch TTF hub, the benchmark for European gas, traded 2 percent lower early on Tuesday, “with data signaling an increase in Russian gas flows via Ukraine to Slovakia. Also the Mallnow link via Poland has seen a small pickup,” Ole Hansen, Head of Commodity Strategy at Saxo Bank, said […]