U.S., Ukraine Clash Casts Uncertainty Over European Natural Gas Market — LNG Recap

European natural gas prices charged higher on Monday largely in response to the calamitous meeting between Ukraine and the United States on Friday that cast a U.S. brokered peace deal with Russia into doubt.

Ukrainian President Volodymyr Zelenskyy cut a trip to the United States short after an argument over the war with President Trump and Vice President Vance. The clash left the prospect of some Russian gas supplies returning to Europe a remote possibility for now and created more instability for a gas market already on edge.

“Uncertainty abounds following last week’s showdown between the U.S. and Ukraine,” said ING Bank analysts on Monday. “It’s unclear where the U.S. now stands, making a peace deal seem more distant than a week ago.”