Gas prices are reacting. The difference is very significant

• Gas prices in Europe have fallen to around €33 per megawatt-hour, despite announcements of possible US sanctions against Russia and its energy partners.
• The market remains skeptical about the real scale of President Trump's actions, although the Kremlin is considering a partial ceasefire as a gesture towards Washington.
• Stable supplies and lower demand from China allow European warehouses to fill faster.

Gas futures prices fell, remaining around €33 per megawatt-hour.

Although Donald Trump has threatened further economic sanctions against Russia and its raw material importers – which could limit global supply and increase competition on the European market – skepticism about the scale of possible US actions is currently dampening price increases, Bloomberg reports.

Meanwhile, the Kremlin is considering a concession to Donald Trump . For now, according to Bloomberg, the Kremlin is considering a partial ceasefire with Ukraine that would cover airspace operations, including missile and drone attacks.

According to experts, potential US action against Russia is unlikely to directly impact the European gas balance. Nevertheless, traders remain vigilant for any signs of threats to global supply. "Europe is intensifying efforts to accumulate sufficient reserves before winter, aided in part by weaker demand from China," we read.

Currently, supplies remain stable, with pipeline gas flows from Norway, the main supplier, remaining near peak levels ahead of planned maintenance later this month. LNG deliveries are also above the seasonal average, Bloomberg reports.

According to "Puls Biznesu", natural gas is currently 30 percent cheaper than at the beginning of the year and 13 percent cheaper than 12 months ago.