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American Tankers came and the Price of Gas in Europe fell Sharply

Natural gas in Europe has fallen to 70 euros per megawatt-hour, approaching levels not seen in the last two months. This is happening against the background of increasing flows of liquefied natural gas, higher wind energy production, and increasing use of gas from storage facilities in Germany.

Romania Offers Moldova Financial Aid to Ease Gas Crisis

Romania's government on Wednesday approved a 100-million-euros financial support package for Moldova to help it deal with a looming energy crisis.

Romania's financial assistance comes at a difficult time for its neighbour, after Russian energy giant Gazprom warned it would stop supplying gas to Moldova if its Moldovagaz subsidiary does not pay outstanding debts within two days.

Serbia President Hails ‘Incredible’ Gas Deal With Russia

Serbia will continue to pay $270 per 1,000 cubic metres of natural gas for the next six months, President Aleksandar Vucic said after a meeting with Russian President Vladimir Putin.

The two presidents met in Sochi, Russia, where the renewal of a deal about natural gas deliveries was one of their topics. Vucic said: "Putin has shown friendship towards Serbia."

Europe: The Conditions for a Cold Winter with High Gas Prices are Set

Work on the Nord Stream 2 pipeline was completed in September, but no gas will flow through it in the coming months. Germany stopped the procedure for its certification and as soon as it became known, energy prices increased by 18%. As Le Monde predicts, gas and electricity prices will remain high in the near future.

Government Promises Aid as Moldovans Anxiously Await Higher Gas Bills

Moldova's Deputy Prime Minister Andrei Spinu announced on Wednesday that the government is preparing several mechanisms to compensate people on modest incomes as consumers anxiously await their next gas bills to see how increased prices for gas supplies will affect them.