Gazprom will further slow flows on the Nord Stream 1

Russia’s Gazprom announced on Monday it will slow flows on the Nord Stream 1. The company is halting another turbine in the pipeline to Germany that is currently at 40%. On Wednesday the supply will fall to 33 million cubic meters per day, about half of the current.

European gas prices jumped following the announcement. The DAX turned negative and it was falling by 0.49%.