European natural gas prices jumped Monday after Russia booked little additional pipeline capacity to move more supplies to the continent next month.

Gazprom PJSC booked no additional capacity for November through Ukraine during an auction Monday. The company took only about 35% of the available capacity via Belarus and Poland next month. The auction’s results came despite Russian President Vladimir Putin’s remarks last week that his country could help stabilize prices by sending more natural gas to Europe. 

Additional Russian volumes could help ease a supply crunch on the continent, where storage inventories are at about 77% of capacity, their lowest for this time of year in over a decade. 

Both Dutch and British futures inched up Monday once it became evident Russia would...