European natural gas prices edged higher, following seven sessions of declines, with Russian supplies through Ukraine expected to fall on Tuesday. Orders dropped to about 68% of the amount that Gazprom PJSC can send under its transit contract. The Russian company reiterated that flows were in line with requests from customers. Supplies through another pipeline, the Nord Stream, were near full capacity, data showed. While Russian shipments haven’t yet been affected by the war in Ukraine, even rising above pre-invasion levels on some days, they have been under intense scrutiny for months. European near-term gas prices currently reflect a 20-40% premium because of a risk of disruptions, according to Morgan Stanley’s Europe gas strategist Martijn Rats. The threat of supply cuts, and attempts to isolate President Vladimir Putin’s administration for the war in Ukraine, have sent European nations scouring the world for other supplies. Italy on Monday agreed to […]