Engie says it has been informed by Russian energy giant Gazprom of a reduction in gas deliveries starting Tuesday. European energy prices plunged on signs that the region is stepping up efforts to curb a crisis that threatens to tip the region into recession with winter approaching. German power for next year settled 20% lower, and Dutch natural gas fell as much as 11%. Both benchmark contracts extended losses from Monday, after surging to records last week. Prices have been extremely volatile in recent days amid thin trading and much uncertainty. Russia‚Äôs Gazprom PJSC plans to shut the Nord Stream pipeline to Germany for three days of maintenance beginning Wednesday. The European Union is preparing to intervene in the short term to dampen soaring power costs, which have fueled inflation and increased the risks of a recession. Meanwhile, storage sites in the region are filling fast, bringing some […]