German Economy Minister Habeck: reduction of Nord Stream 1 gas flows is a political decision. Gazprom further cut volumes to Germany on Wednesday. European gas benchmark prices soared on Wednesday as a result. European benchmark gas prices soared higher today after Gazprom cut the volumes of gas it transports via the Nord Stream 1 pipeline further on Wednesday, gaining 8 percent in morning trade, Bloomberg reported . Gazprom cut Nord Stream 1 volumes by 40 percent earlier this week, citing the delayed delivery of gas turbines it had sent to German Siemens for scheduled repairs. Siemens, for its part, said that it had sent the turbines to be repaired at a Canadian factory, but new anti-Russian sanctions imposed by the federal Canadian government had stalled the return of the equipment. “Due to the sanctions imposed by Canada, it is currently impossible for Siemens Energy to deliver overhauled gas turbines […]