The European Commission said on Tuesday that they are working on all scenarios regarding Nord Stream 1, including the possibility that the pipeline does not restrat after the planned maintenance is completed, as reported by Reuters.

Earlier in the day, citing European Budget Commissioner Johannes Hahn, the Wall Street Journal reported that the EU Commission was not expecting the pipeline to come back online.

Market reaction

Markets remain cautious following this headline and the Euro Stoxx 600 Index was last seen trading flat on the day.