Austria appears to be still receiving some Russian gas two days after Gazprom said it would cut flows to OMV
Austria appears to be still receiving some Russian gas two days after the country’s integrated energy company, OMV OTCPK OMV JF, declared it would stop paying Gazprom to offset a 230 million-euro $242 million arbitration award by the International Chamber of Commerce over a previous gas cut-off.
Ukraine has signaled it has no intention to renew a five-year pipeline transit agreement to supply natural gas to EU countries when it expires on December 31, 2024, while EU energy chief Kadri Simson indicated that the EU executive has 'no interest' in pushing to revive the agreement. The EU has warned member countries to prepare for a world without Russian gas, with Ukraine gas amounting to 5% of total EU gas imports.
Gazprom Gas Supply OMV Court Case
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