# European Gas Drops as Russia Tries to Calm Clients Over Payments - Bloomberg

> European natural gas futures closed 7.8% lower after Russia, the top supplier, tried to reassure buyers that they can keep paying for gas without breaching sanctions. A letter seen by Bloomberg backed this assurance, and power prices also fell.

- Date: 2022-05-09 · published 2022-05-09T12:00:00.000Z
- Category: geopolitics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/12155-european-gas-drops-as-russia-tries-to-calm-clients-over-payments-bloomberg
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Easing fears of a payment-driven supply cutoff lowers the risk premium on gas. Cheaper gas lowers nitrogen fertilizer and grain drying costs for feed producers.

## Read by commodity

- NATGAS: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| NATGAS | 2022-05-09 | 1 | -8.2% | -3.0 | On 2022-05-09 European gas fell 7.8% after Russia reassured buyers they could pay for gas without breaching sanctions, easing supply-risk sentiment that had supported US natgas via LNG linkage. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-05-11 | [European Gas Falls as Traders Shrug Off Russia Supply Risk - Bloomberg](https://feedsoft.ai/events/12158-european-gas-falls-as-traders-shrug-off-russia-supply-risk-bloomberg.md) | +17.0% | +28.0% |
| NATGAS | 2023-11-03 | [European Gas Posts Third Weekly Drop as Impact of War Is Limited - Bloomberg](https://feedsoft.ai/events/6390-european-gas-posts-third-weekly-drop-as-impact-of-war-is-limited-bloomberg.md) | -12.8% | -15.7% |
| NATGAS | 2022-05-10 | [Gas prices drop as Russia says sanctions will not affect gas payments from Europe](https://feedsoft.ai/events/12160-gas-prices-drop-as-russia-says-sanctions-will-not-affect-gas-payments-from.md) | +6.5% | +23.4% |
| NATGAS | 2020-01-01 | [European Gas Prices Fall as Ukraine, Russia Deal Averts Crisis](https://feedsoft.ai/events/55767-european-gas-prices-fall-as-ukraine-russia-deal-averts-crisis.md) | -1.1% | -11.9% |
| NATGAS | 2026-05-06 | [Brent Crude Price: Oil and gas plunge after report US and Iran near deal to end war](https://feedsoft.ai/events/9582-brent-crude-price-oil-and-gas-plunge-after-report-us-and-iran-near-deal-to-end.md) | +2.4% | +10.0% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-05-09/european-gas-slips-as-russia-tries-to-calm-clients-over-payments

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.