EconomyOMV says they do not buy gas from Russia...

OMV says they do not buy gas from Russia under a contract for Germany

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The logo of the oil company OMV at its headquarters in Vienna. archive photo

OMV CFO Flory: Company does not buy gas from Gazprom under a contract for Germany

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MOSCOW, February 2 – RIA Novosti. Reinhard Flory, the financial director of the Austrian company, said at a press conference that OMV does not currently buy gas from Gazprom under a contract for Germany, deliveries to Austria are unstable, but so far account for 100% of the volume under the contract.

“We have two contracts with Gazprom for the supply of gas: one for Germany, the second for Austria. Gazprom does not supply anything to Germany, so there are zeros there, and the supply to Austria fluctuates a lot. Now it is temporary 100% , but previously 30% “The way gas is supplied to Europe right now is very unreliable,” he said.

In early September, OMV reported that it has received about 30% of gas ordered from Gazprom for Austria. Deliveries were curtailed, first after the Nord Stream gas pipeline was reduced in capacity and then shut down due to technical problems in the maintenance of the Siemens turbines and post-accident failure. By the end of October, Russia’s gas supply had increased to 65%.

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OMV is one of the largest companies in Austria. It is engaged in hydrocarbon exploration and production in Europe, the Middle East and North Africa, as well as in the Asia-Pacific region.

Source: Ria

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Emma
Emma
I am Emma Sickels, a highly experienced journalist specializing in news and economy. As an author at News Unrolled, I cover the latest trends in the economic sector and provide readers with valuable insights into its complexities. My work has been featured in various media outlets such as The New York Times, USA Today, Bloomberg Businessweek and many more.

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