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Austria terminates Gazprom gas contract

Austria terminates gas contract with Russia’s Gazprom

22:00, 11.12.2024
  ej/jd;
Austria terminates gas contract with Russia’s Gazprom Austria’s national fuels company, OMV, terminated its contract with Russia’s Gazprom Export for natural gas delivery with immediate effect on Wednesday.

Austria’s national fuels company, OMV, terminated its contract with Russia’s Gazprom Export for natural gas delivery with immediate effect on Wednesday.

Illustrative image. Photo: Artur Widak/NurPhoto via Getty Images
Illustrative image. Photo: Artur Widak/NurPhoto via Getty Images

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OMV said the decision was prompted by “multiple fundamental breaches of contractual obligations” by Gazprom Export. The Russian supplier stopped delivering gas to OMV in mid-November, the Austrian company said in a statement.

OMV added that previously it had received around 5TWh of gas per month at the Austria-Slovakia border. The contract, which ran from 2006, had been due to remain in force until 2040.

OMV’s CEO, Alfred Stern, said the company had a “diversified portfolio of alternative gas sources” to safeguard deliveries to its customers.

Austria’s chancellor, Karl Nehammer, said his country would not be “blackmailed” by Russia.

“Russia attempted to use energy as a weapon against us – but it failed,” he posted on the X platform on Wednesday.
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