The implementation of tariffs has caused market turbulence, and European natural gas prices continue to decline, dropping another 7%.

With the official implementation of US President Trump's tariff policy, European natural gas prices continue to decline. This trade measure has impacted the global economy, thereby suppressing energy demand. On Wednesday, benchmark futures prices plummeted by 7.7%, a cumulative drop of about 40% from the peak in February. The US tariff policy is causing a chain reaction in global financial markets: both stock and oil markets are plunging, and several prominent investors have issued warnings about the risks of a trade war. As of the time of writing, European natural gas benchmark futures in the Netherlands were at 34.51 euros per megawatt-hour, down by 4.75%. With global natural gas demand weak and Europe in a critical replenishing period for its gas storage, this may ease the region's pressure in resource competition. After an unusually cold winter, European gas storage inventories are at historically low levels and need to be replenished before the next heating season. Several energy companies have already started injecting gas ahead of schedule, with current injection levels exceeding the five-year average. The EU is also seeking to relax its gas storage targets. Current regulations require member states to achieve 90% of their gas storage targets by November 1. However, according to reports on Tuesday, most member states are in favor of allowing a deviation of up to 10% from the target.