Gazprom announced it will further slow flows on the Nord Stream 1 pipeline to 33 million cubic meters per day from roughly 40 mcm since the restart last week.

The company said it was halting a Siemens turbine. The lower shipments will s tart on Wednesday.

The euro fell on this headline to 1.0222 as it's increasingly clear that Russia is going to put a major squeeze on gas supplies to Europe.

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