European gas prices plummet ahead of Trump-Putin summit

Natural gas prices in Europe have fallen sharply, nearing their lowest levels of 2025, just days before the anticipated summit between US President Donald Trump and Russian President Vladimir Putin.

According to Report, citing RBC-Ukraine and Bloomberg, gas futures traded in Amsterdam have dropped by approximately 10% since the beginning of the month, reaching their lowest point since May.

While most traders do not expect a swift return of Russian pipeline gas to Europe—even in the event of a ceasefire agreement in Ukraine—any shift in sanctions on Russian energy exports could significantly impact global supply dynamics.

Despite the recent decline, European gas prices remain above pre-crisis levels. The continent’s energy market has been under strain since the start of Russia’s full-scale invasion of Ukraine.

Currently, the majority of Europe’s gas is imported from distant suppliers such as the United States and Qatar. Russian deliveries accounted for less than one-fifth of total imports last year. At the same time, Europe faces strong competition for these supplies from major Asian buyers.