Gazprom PJSC on Tuesday threatened to reduce the natural gas it supplies for transit through Ukraine, one of the last remaining routes carrying Russian pipeline exports to Europe.

Gazprom map

The state-owned company said in a statement that Ukraine was not delivering all of the natural gas it was sending through the country for consumers in Moldova.

Gazprom warned that if the imbalance continues it would start reducing gas supplies to the Sudzha interconnection, one of the points where Russian volumes enter Ukraine, on Nov. 28. 

European benchmark natural gas prices closed about 4% higher on Tuesday after Gazprom warned of the potential cut. A cold snap also hit the continent this week, where stable LNG and Norwegian pipeline supplies, along with warmer weather so far this heating...