European natural-gas prices rose more than 3%, a jump largely attributed to an outage at the U.S. Freeport LNG facility and news that Germany might subsidize storage refills this summer to ensure the country reaches its target.

The European Union is considering extending its mandatory natural gas storage targets for member states beyond 2025 to ensure sufficient stockpiles for future winters.

European natural-gas prices fell, with an expected flurry of executive orders following Trump’s inauguration potentially including the lifting of a moratorium on new permits to export liquefied natural gas.