Russia's Gazprom on June 16 cut gas supplies via the Nord Stream pipeline to Germany to just 40% of capacity, citing maintenance issues with gas turbines at the key Portovaya compressor station.

U.S. Rig Count is up 2 from last week to 752, Canada Rig Count is up 9 from last week to 175.

Dutch front-month gas, the European benchmark, fell as much as 10%, and was 6.4% lower at 171.49 euros per megawatt-hour at 9:49 a.m. in Amsterdam. The contract has doubled over the past month. The UK equivalent declined 6.2%, but was also heading for a weekly gain.

Russian gas producer Gazprom (GAZP.MM) has cut capacity through the pipeline to just 40%, citing the delayed return of equipment being serviced by Germany's Siemens Energy (SIEGn.DE) in Canada.

The UK's gas storage capacity is tiny when compared with most of Europe. The UK has just 0.9 Bcm of gas storage relative to around 80 Bcm of annual consumption, compared with Europe which has roughly 105 Bcm of gas storage, equal to 22% of annual utilization, according to industry body Offshore Energy UK.

Dutch front-month gas, the European benchmark, traded 3.5% higher at 177 euros per megawatt-hour at 8:43 a.m. in Amsterdam.

Parliament has rejected a motion to oppose the inclusion of nuclear and gas as environmentally sustainable economic activities.

China spent $18.9 billion on Russian oil, gas and coal in the three months to the end of May, almost double the amount a year earlier, latest customs data show. Meanwhile, India shelled out $5.1 billion in the same period, more than five times the value of a year ago.

Shell has been selected by QatarEnergy as a partner in the North Field East expansion project in Qatar, the single largest project in the history of the liquefied natural gas (LNG) industry.

Coal poured into the Antwerp-Rotterdam-Amsterdam region -- a huge transport hub for energy and commodities -- in the first half of this year