HomeEconomyAustrian company OMV has...

Austrian company OMV has terminated its contract with Gazprom

Image: TASS (illustration)

European countries continue to adapt to new conditions and EU officials are confident in the availability of alternative sources of gas.

Austrian oil company OMV has terminated its gas supply contract with Russian Gazprom Export, which should be valid until 2040. This was announced on Wednesday, December 11, on OMV’s website.

The company explained the termination of the contract concluded in 2006 by “numerous significant violations of contractual obligations” on the part of Gazprom Export, which is a subsidiary of Gazprom.

“From November 16, 2024, Gazprom Export will stop supplying gas to OMV Previously, OMV received about 7,400 MWh per hour, which is equivalent to about 5 TWh per month, on the border of Austria and Slovakia ,” explained the Austrian oil company.

OMV CEO Alfred Stern emphasized that his company now receives gas from its own fields in Norway and Austria, from external gas producers and in the form of liquefied natural gas (LNG). OMV’s gas storage facilities in Austria are currently estimated to be 85% full.

“Thanks to the successful efforts of our gas team over the past three years, OMV is well positioned to leverage our diversified supply of alternative gas sources while ensuring security of supply for our customers, ” said Stern.

As you know, the Austrian oil and gas company OMV won a claim in the arbitration court for 230 million euros against the Russian Gazprom in a dispute over the interruption of gas supplies under a contract “German “.

Subsequently, it became known that from Saturday, November 16, Gazprom stopped supplying natural gas in transit through Ukraine to the Austrian company OMV.

Austria confiscated Russian gas worth 230 million euros – media

New Correspondent.net on Telegram and WhatsApp. Subscribe to our channels Athletistic and WhatsApp

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

The riders were sprayed Aviabomb in the village

The racists continue to attract observation blows on the frontal settlements of the Ivene area in the Kharkiv region. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } Today, on June...

Dodmers showed in the Russian Federation the inhabitants of one of the villages of Sumshkin

Russian invaders exported four residents of Konstantinovka from the Khotinsky community in the Russian Federation. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } This was reported about the publication "BORDER....