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The agency noted that European gas prices had risen as much as 8.3% before settling 2% higher at $37.65 (EUR 34.20) per megawatt-hour. Russia’s Novatek PJSC, which leads the Arctic LNG 2 project, sent force majeure notices to some of the facility’s buyers, said people familiar with the matter who declined to be named as the details are private. Read also: Russia explores “ways to bypass” EU sanctions Sanctions that the United States imposed on the project in November are making it impossible to make shipments for the time being, sources told Bloomberg. Force majeure is a legal clause that allo…

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