Austria Says Russia to Cut off Gas From Saturday
Moscow's suspension of gas for Austria, the main receiver of gas via Ukraine, means Russia will now only supply significant gas volumes to Hungary and Slovakia, in Hungary's case via a pipeline running mostly through Turkey. In contrast, Russia met 40% of the European Union's gas needs before Moscow's 2022 invasion of Ukraine.
Austria Still Seeing Russian Gas Flows Amid Gazprom Dispute
Austria appears to be still receiving some Russian gas two days after the country’s integrated energy company, OMV (OTCPK:OMVJF), 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.
OMV is attempting to recover €230m ($242m) in damages from Gazprom by offsetting the claim against invoices for gas ...
At least five cargoes of liquefied natural gas have diverted from Asia to Europe in the past few days, drawn by higher gas ...
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