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Russia has exacerbated a shortage of European natural gas supplies by quietly limiting top-up sales to customers, driving prices to a 13-year high, according to executives and analysts.

Pipeline exports of natural gas from Russian state-backed monopoly Gazprom to continental Europe have dropped roughly one-fifth in 2021 from pre-pandemic levels, despite a sharp rebound in demand and low stockpiles of the fuel.

The imbalance has helped send prices in Europe to the highest levels since 2008, raising energy costs for homes and businesses amid fraught relations between Russia and the West.

“Gazprom is just trying to maximise its profits at a time when spot prices are high, gas storage is empty and LNG demand in Asia is strong,” said one executive at a German…

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