OMV, Europe and Austria

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 Chamber of Commerce exceeding $243 million. This ruling relates to irregularities in German gas supplies provided by Gazprom.
Russian Gas Supply to Europe Faces Disruption Risk, OMV Warns
Much of the region has weaned itself off Moscow in recent years, with Austria — OMV’s home market — and Slovakia the main remaining importers of gas piped via Ukraine. These flows are expected to end Dec. 31 unless an alternative arrangement is made ...
Gas prices in Europe rise sharply as Gazprom may cut off supplies to Austria
European gas futures jumped to their highest level in a year. This was due to fears that Gazprom may cut off supplies to Austria, Bloomberg reports. Futures on the TTF hub in the Netherlands rose by 3.
Does Austria face gas price rises this winter as Russian supplies end?
Austria is preparing for its first winter without Russian gas. What will this mean for the country’s supplies and energy costs?
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
Gas in Europe is already over $ 500: the decline in Gazprom's supplies has become more real than ever
EADaily, November 14th, 2024. The price of gas in Europe exceeded $ 500 per thousand cubic meters. A new movement was given to her by news from Austria, where OMV announced the winning of compensation from Gazprom in arbitration and plans to receive it from payments that Austrians make for Russian gas on a monthly basis.
Austria Braces for End of Six Decades of Russian Gas Dependence
Austria is preparing for Moscow to turn off the taps that kept Russian gas flowing for more than a half century, as OMV AG enforces a ruling against Gazprom PJSC. Most Read from BloombergUnder Trump,
Russian gas supply could stop to Austria before year-end
Goerlich and Nina Chestney VIENNA/LONDON (Reuters) - Russian gas supply to oil and gas company OMV in Austria is at risk of stopping before the end of the year due to an arbitration case against Gazprom,
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Austrian OMV was awarded compensation from Gazprom: they do not rule out stopping supplies
Austrian OMV announced that it had won an arbitration claim from Gazprom Export in a dispute over the suspension of ...
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OMV Wins $243 Million Arbitral Award vs Gazprom over Undelivered Gas
The Austrian oil and gas distributor won an arbitral award of damages against Russia's Gazprom over failures to deliver ...
OMV gets over $243 mln 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 ...
Russia economy crisis intensifies as Kremlin energy row sends gas price surging
The Austrian energy company OMV has been in dispute with the Kremlin-owned Gazprom over disruptions to gas supplies in the ...
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Austria's OMV has no Russian LNG in its contracts, CEO says
Austrian energy company OMV has no Russian liquefied natural gas (LNG) in its contracts, its chief executive said, even as a ...
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Construction of OMV Petrom’s first large-scale solar project begins in Romania
OMV Petrom, Southeast Europe's largest integrated energy producer, has awarded the engineering, procurement, construction, ...