After more than a week of consecutive declines, Europe’s benchmark natural gas prices rose on Tuesday amid lower orders for Russian gas supply transiting Ukraine. In morning trade in Amsterdam on Tuesday, the front-month gas futures price at the Dutch TTF hub, the benchmark gas price for Europe, was up by nearly 4 percent, while the front-month gas contract in the United Kingdom had risen by 3.5 percent, per Bloomberg data . Prices were up as orders for Russian gas transit via Ukraine on Tuesday had dropped to 68 percent of the capacity that Russia’s giant Gazprom can send. At the same time, deliveries via the Nord Stream pipeline to Germany were close to capacity. The first rise in European gas prices in seven days of trading comes as the European Union intensifies its efforts to procure non-Russian gas supply. Italy, for example, which depends for 40 percent of […]