Gas Prices Plunge After Gazprom Says It Starts Sending Gas Into European Storage

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…