European natural gas prices headed for a second straight weekly advance as Russia’s deep supply cuts unsettle markets and force governments into policy u-turn to bring back coal power stations. Benchmark futures are up about 12% this week. The crisis is centered around European powerhouse Germany, which has moved to the second-highest phase of an emergency plan, and warned the cuts could trigger a Lehman Brothers-like collapse of the energy market. The situation could get worse in the next few weeks. The major Nord Stream pipeline, which is currently using just 40% of its capacity to supply to Europe, is scheduled to be fully shut for maintenance next month. German Economy Minister Robert Habeck has raised doubts the country’s target of getting storage sites 90% full by November can […]