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OMV Warns Russia's Gazprom May Halt Natural Gas Supply to Austria

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Austria,Natural Gas,Geopolitics

Russian energy giant Gazprom may halt natural gas supply to Austria due to a foreign court ruling that could interrupt OMV's payments.

Russian state giant Gazprom could halt natural gas supply to Austria’s OMV due to a foreign court ruling that could interrupt OMV payments to Gazprom Export, the Austrian firm said in an urgent market message.

The Austrian company assured the market that OGMT “would still be able to supply its contractual customers with gas from alternative, non-Russian sources, through its extensive diversification efforts over the last several years.” The urgent market message from OMV highlights the vulnerability of Austria’s gas supply, which is still dependent on Russia’s Gazprom.

 

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