Citing two sources familiar with the matter, Reuters reported on Tuesday that Russia is expected to restart Nord Stream 1 gas flows on Thursday as planned.

"The sources, speaking on condition of anonymity because of the sensitivity of the issue, told Reuters the pipeline was expected to resume operation on time, but at less than its capacity of some 160 million cubic metres (mcm) per day," the article read.

Market reaction

The market mood remains upbeat following this development and the S&P 500 Index was last seen rising 1.5% on a daily basis.