Europe Gas Steadies as Traders Assess Asia Demand, Trump Tariffs

European natural gas paused its rally, with traders watching key buyers in Asia where extreme heat is boosting demand for cooling, and US President Donald Trump’s rhetoric over Russia.

Benchmark futures settled marginally lower after five days of gains. Liquefied natural gas purchases increased in parts of North Asia amid hot weather, with a fuel shipment diverting away from Europe recently. That means the continent would need to pay more to keep supply coming and stockpile enough fuel ahead of winter.