Gazprom to cut Nord Stream gas deliveries drastically from Wednesday

Gazprom has announced it will be cutting daily gas deliveries via the Nord Stream pipeline to 33 million cubic metres a day -- about 20 percent of the pipeline's capacity -- from Wednesday.

The company said in a statement on Monday that it was halting the operation of one of the last two operating turbines due to the "technical condition of the engine". 

The supplies from the Portovaya compressor station will be slashed from 7 am Moscow time Wednesday, the company said.

The announcement came after Russia last week restored critical gas supplies to Europe through Germany via Nord Stream after 10 days of maintenance, but only at 40 percent of the pipeline's capacity.

Germany, which is heavily dependent on Russian gas, has accused Moscow of using energy as a "weapon".

Gazprom cut flows to Germany via the Nord Stream 1 pipeline under the Baltic Sea in recent weeks, blaming the absence of a Siemens gas turbine that was undergoing repairs in Canada.

Earlier Monday Gazprom said it had received paperwork related to the delayed delivery of the turbine but pointed out a number of issues including those relating to EU and UK sanctions remained.

The showdown comes amid raging tensions over...