Russian Gas Supply to Europe Faces Disruption Risk, OMV Warns
(Bloomberg) -- OMV AG warned Russian natural gas supplies may be disrupted as the company intends to stop paying for imports from Gazprom PJSC to recoup damages it won in arbitration. European futures surged to the highest in a year. OMV doesn’t expect G ...
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.
Russian gas supply could stop to Austria before year-end
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, the company said.
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.
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.
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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 Wins €230 Million Award From Gazprom on 2022 Gas Dispute
OMV AG said it has received an award for €230 million ($243 million) plus costs and interest from Gazprom PJSC related to gas deliveries in 2022, boosting profit and risking future procurements from ...
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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 ...
OMV AG price target lowered to EUR 42.90 from EUR 44.20 at Morgan Stanley
Morgan Stanley analyst Sasikanth Chilukuru lowered the firm’s price target on OMV AG (OMVKY) to EUR 42.90 from EUR 44.20 and keeps an ...
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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 fees and fines recalled, reset to original amount
Until the end of the year, drivers with outstanding fees and fines owed to OMV can get payment plans and other options to pay them off.
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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 ...