European gas prices have reached a two-year high. Gas reserves have fallen to a record low of 48%. Summer gas prices exceed the prices of next winter, which makes the creation of reserves unprofitable. Only lower prices can revive Europe’s dying industry, says The British The Economist

The start of negotiations between Russia and the United States on the Ukrainian conflict gives Europe hope for the resumption of Russian gas supplies, despite the still tough position of the European Commission

But it seems that the decision will be Trump’s. The US is demanding that the EU buy more American LNG. A full resumption of supplies from Russia could lead to a drop in prices worldwide, which means that many American drilling companies will become unprofitable.

CRYSTAL OF GROWTH previously informed that, according to Bloomberg, a recession is coming to Europe.: Without Russian gas, the industry is languishing, and according to Alexander Galushka, the European Union has been assigned the role of the main payer in the struggle of the United States for its global dominance in the world.