The source said that Gazprom should continue to pay for transit in any case under the terms of the current “pump or pay” contract.
The transfer of Russian gas to the EU through Ukraine could be reduced by almost half if Gazprom no longer transports gas to Austria. This was reported by RBC-Ukraine, citing a source “familiar with the system of transit operations.”
Last week, the largest Austrian company in Central Europe, OMV, announced that another European energy company could stop payments to Gazprom through the courts. If the court’s decision is implemented in Austria, it will be impossible to pay for Gazprom’s gas and will lead to the cessation of supplies.
OMV did not name the details of the court’s decision or the company involved in the process. The media wrote that they were talking about the German Uniper, which suffered huge losses in 2022. The losses appeared because Gazprom reduced and then stopped gas supplies through Nord Stream 1. As a result, the companies will have to find alternative sources of gas at higher prices. Now Uniper, through arbitration, is demanding compensation of 15 billion euros from Gazprom.
The publication’s interlocutor suggested that the court’s decision is likely to have something to do with Uniper’s claim.
It is currently unknown when exactly gas supplies from the Russian Federation to Austria will stop, but OMV reported the possibility of such a development. The company noted that their clients will be provided with resources from alternative sources.
Transit to Ukraine will be significantly reduced, but Gazprom must continue to pay for transit under the terms of the existing “pump or pay” contract for 40 billion cubic meters per year.
As we have already written, Gazprom, which suffered a loss for the first time in 25 years, which is also the largest in the history of the company, began to sell its property.
Germany nationalized the concern of Uniper
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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.