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German energy firm Uniper is admitting to the possibility of paying for Russian gas in rubles, Tiina Tuomela, the company’s financial director said during a teleconference on Wednesday. “To date, the flow of Russian gas under our existing long-term contract remains untouched. We are in ongoing discussions with Gazprom regarding the implementation of the Russian…

Natural gas prices in Europe skyrocketed on Wednesday after Poland and Bulgaria were hit by a supply freeze from Russia in response to the countries’ refusal to pay for deliveries in rubles. May futures on the Netherlands-based TTF trading hub climbed to $1,374 per 1,000 cubic meters on Wednesday morning, or nearly $125 per megawatt-hour…