Following the arbitration decision, OMV partially offset its claims amounting to €48 million ($50 million) against its obligations under the Austrian contract with Gazprom, the Austrian company ...

OMV CEO Alfred Stern discusses the Austrian oil and gas firm’s full-year 2024 earnings, the impact of tariffs and says the company is “opening a new chapter” after recently terminating a gas supply ...

TASS/. Russian Foreign Ministry Spokeswoman Maria Zakharova stated that the failure of Austrian company OMV to pay for Russian gas supplies was due to its own misconduct. OMV previously announced ...

After terminating the long-term gas supply agreement with Gazprom Export in December 2024, OMV ceased all business operations in Russia, according to the company. “OMV was profitable and ...

FRANKFURT, Jan 22 (Reuters) - Having severed ties with Russia as a gas supplier, Europe must step up its own production and imports, said Alfred Stern, CEO of Austrian utility OMV (OMVV.VI), opens ...

Germany’s RWE and Uniper said earlier that they had also made payments for Russian gas under the new scheme VIENNA, June 1. /TASS/. Austria’s OMV paid for Russian gas supplies under a new ...

Goldman Sachs analysts suggest that if Russian natural gas supply to Europe is restored, it could drive down European natural ...

JPMorgan assessed the earnings impact of potential Russian gas flows, forecasting that a 15 billion cubic meter (bcm) annual ...

If Russian pipeline gas supplies to Europe resume, the volume of these supplies will be large-scale, but the entire logistics ...

Russian gas was still reaching Austria on Monday despite Gazprom cutting off flows to top Austrian importer OMV over the weekend due to a contractual dispute, data flows showed. Russian gas still ...