# European Gas Prices Fall as Ukraine, Russia Deal Averts Crisis

> Russia and Ukraine signed the agreements needed to keep Russian gas flows to Gazprom's western European markets running for five years, averting a winter supply crisis. European gas and power prices extended their declines after the accord. Record LNG volumes this year are supporting a supply glut.

- Date: 2020-01-01 · published 2020-01-01T12:00:00.000Z
- Category: geopolitics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/55767-european-gas-prices-fall-as-ukraine-russia-deal-averts-crisis
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Assured Russian pipeline supply removes a winter supply-shock risk, pushing European gas prices lower. Lower energy costs support feed margins, though the effect on grain and oilseed prices is indirect.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-05-10 | [Gas prices drop as Russia says sanctions will not affect gas payments from Europe](https://feedsoft.ai/events/12160-gas-prices-drop-as-russia-says-sanctions-will-not-affect-gas-payments-from.md) | +6.5% | +23.4% |
| NATGAS | 2022-05-09 | [European Gas Drops as Russia Tries to Calm Clients Over Payments - Bloomberg](https://feedsoft.ai/events/12155-european-gas-drops-as-russia-tries-to-calm-clients-over-payments-bloomberg.md) | -6.0% | +12.3% |
| NATGAS | 2022-05-11 | [European Gas Falls as Traders Shrug Off Russia Supply Risk - Bloomberg](https://feedsoft.ai/events/12158-european-gas-falls-as-traders-shrug-off-russia-supply-risk-bloomberg.md) | +17.0% | +28.0% |
| NATGAS | 2026-05-06 | [Brent Crude Price: Oil and gas plunge after report US and Iran near deal to end war](https://feedsoft.ai/events/9582-brent-crude-price-oil-and-gas-plunge-after-report-us-and-iran-near-deal-to-end.md) | +2.4% | +10.0% |
| NATGAS | 2026-03-10 | [Oil and gas prices fall after Trump says war is 'very complete' - BBC News](https://feedsoft.ai/events/9387-oil-and-gas-prices-fall-after-trump-says-war-is-very-complete-bbc-news.md) | -5.0% | -7.7% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2019-12-30/gazprom-ukraine-finalize-deals-to-ship-russian-gas-to-europe

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.