European gas prices have fallen to their lowest level in six months; Ukraine is advised to stock up for the upcoming winter.

At the end of last week, futures prices for natural gas in Europe dropped sharply by over 10% to €35.2 per MWh, according to the ICE exchange. These are the lowest European gas prices in the past six months. This price drop is primarily due to the tariffs introduced by the US president. In response, China has retaliated by imposing a 34% tariff on all American goods, including energy resources. This will likely lead to a significant reduction or nearly complete halt in the supply of American LNG to one of the world’s largest gas buyers – the PRC. Europe and Asia have traditionally been competitors for global LNG.

China’s decrease in purchases of American LNG signals more available LNG for Europe. Furthermore, the tariffs may result in a slowdown in global economic growth, potentially reducing demand for natural gas.

Therefore, market experts believe that now is an opportune moment for Ukraine to import gas and build reserves for next winter.