The Norwegian energy company Equinor will supply Austria with 1.1 billion cubic meters. m of gas, which will increase volumes under existing contracts.
Austrian oil and gas company OMV has signed a five-year gas supply agreement with Norwegian energy group Equinor. Reuters reported this on September 27.
Starting October 1, with the start of the winter gas season in Europe, Equinor will supply 1.1 billion cubic meters, increasing volumes under existing contracts.
The gas will be supplied to the German virtual trading center THE (Trading Hub Europe) for OMV’s European portfolio and at a price “in market terms”. With these new volumes, Austria will continue its gas diversification strategy.
The Austrian company already buys gas from Norway due to long-term supplies of liquefied natural gas through the Dutch Gate terminal and the EU Joint Gas Purchasing Platform. OMV also has long-term gas supply contracts with Russian Gazprom for the period up to 2040.
Norway has become Europe’s biggest gas supplier, overtaking Russia, whose supplies to Europe have dropped because of the war against Ukraine and a pipeline explosion. Nord Stream.
Landlocked Austria still gets about 66% of its natural imports from Russia via pipelines to eastern Europe, according to government data, and the country is keen to join new routes of supply.
We remind you that at the end of July, the largest natural gas field in the country in the last 40 years was discovered in Austria.
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.