(Bloomberg) — Commodity giant Vitol SA is threatening to cut gas supplies to a state-controlled German energy company, which could cost the German company around €1 billion.

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SEFE Marketing & Trading Ltd., a former PJSC trading arm of Gazprom, lost an urgent London court case aimed at preventing trading firm Vitol from halting gas supplies as soon as next week. Gas prices have risen since the first contract was signed, meaning the stakes for…

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