Austria, Gazprom and OMV

Exclusive: Austria's half-century bond with Gazprom ended by gas seizure, sources say
The trigger that ended more than 50 years of gas flows from Russian state energy giant Gazprom to OMV earlier this month was the Austrian group's seizure of Russian gas as payment to cover the value of an arbitration award.
Austria’s OMV Seizes Gazprom Gas Supply in Deliveries Dispute
Austria’s energy firm OMV has seized $241 million (230 million euros) of Gazprom natural gas deliveries for October as a means to recover the arbitration award, which prompted Gazprom to cut off supply, sources close to OMV and Gazprom have told Reuters.
Austria's OMV Ends 50-Year Gas Ties with Gazprom Amid Dispute
OMV's arbitration victory against Gazprom and resultant seizure of Russian gas led to the cessation of over 50 years of gas flows between the companies. As Austria reassesses its energy reliance, the fallout underscores Gazprom's waning influence in Europe post-Ukraine invasion.
Exclusive: Gazprom 2025 plan assumes no more transit via Ukraine to Europe, source says
Russian state-controlled gas giant Gazprom is making the assumption that no more gas will flow to Europe via Ukraine after Dec. 31 in its internal planning for 2025, a person familiar with the plans said.
Austria halts half-century ties with Gazprom - Reuters
After more than 50 years of ties, Austria has halted cooperation with Gazprom. The arrest of Russian gas was the catalyst for this decision, Reuters reports. The catalyst that ended over 50 years of gas flows from the Russian state energy giant Gazprom to the Austrian group OMV earlier this month was the arrest of Russian gas as payment to cover
Austria seizes €230 million worth of Russian gas – Reuters
Austrian oil and gas company OMV has confiscated Russian gas as payment for an arbitration decision, according to which Gazprom was to reimburse €230 million. Source: Reuters, as reported by European Pravda Details: OMV was one of the last importers of Russian gas in Europe after Gazprom lost practically all of its clients as a result of Russia's
Russian gas flows to Europe via Ukraine stable despite Gazprom-OMV row
Russian gas exports to Europe through Ukraine have been stable on Monday despite a contractual row between Kremlin-owned ...
Austria Says Gazprom Contract Up to OMV as Blackmail Risk Abates
Austria’s top energy official said it’s the decision of OMV AG executives and shareholders whether or not to extricate the ...
Austrian OMV was awarded compensation from Gazprom: they do not rule out stopping supplies
EADaily, November 14th, 2024. Austrian OMV announced that it had won an arbitration claim from Gazprom Export in a dispute ...
Russia’s Gazprom stops the flow of natural gas to Austria, OMV utility says
Austrian utility OMV says supplies from Russia’s state-owned natural gas company Gazprom stopped early Saturday after the ...
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Austria's OMV secures $243 million arbitral award for Gazprom's irregular German gas supplies
Austrian integrated oil and gas company OMV announced on Nov. 13 that it had secured an arbitral award from the International ...
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OMV to pursue Gazprom for awarded damages despite gas supply risk
Austrian energy player plans to enforce arbitration award from Russian company revenues for remaining exports to Europe ...
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Austria says Russia's Gazprom will cut off natural gas supply this weekend
The cutoff follows OMV’s announcement that it would stop paying for Gazprom gas to its Austrian arm to offset a 230 million-euro ($242 million) arbitration award it won over an earlier cutoff of ...
OMV gets over $243 million in arbitral award for Gazprom's irregular German gas supplies
OMV has received an arbitral award of over 230 million euros ($243.06 million) from the International Chamber of Commerce ...
Shielded From Blackmail, Austria Says Gazprom Contract Up to OMV
Austria’s top energy official said it’s the decision of OMV AG executives and shareholders whether or not to extricate the ...