European TTF natural gas futures rose 1.0% to €47.37/MWh and UK front‑month to 116.25 pence/therm on Thursday.
Prices surged as markets awaited the Trump‑Xi meeting, expected to address trade, Taiwan, AI and the Iran‑Israel war.
Trump called Xi a “friend” at a Beijing banquet, inviting him to the U.S. in September, but gave no specifics.
Analysts note LNG imports to Europe are dented by the conflict, especially after attacks on Qatar production facilities.