popular articles

Russia Halts Gas Supplies to Austria Following Dispute with OMV

Following a contractual dispute with Gazprom, Austria, which relied on 90% of Russian gas this summer, faces a supply halt. Despite the crisis, the country claims to have secured its energy supply.

Please share:

Austria has been officially informed by Gazprom of the imminent halt in gas deliveries starting Saturday. This decision marks a significant shift in energy relations between the two nations, ending a partnership that began in 1968 with the signing of the first delivery contract between Austrian company OMV and the Soviet Union.

According to an OMV spokesperson, this announcement comes in the context of a dispute over an arbitration ruling issued on Wednesday. The ruling granted OMV the right to claim €230 million from Gazprom for past supply issues, particularly following Russia’s invasion of Ukraine and the reduction of gas flows in 2022 via the Nord Stream pipeline.

A Historical Dependence on Russian Gas

During the summer of 2024, Austria still relied on Russia for 90% of its gas, primarily delivered via Ukraine. This sudden halt ends nearly six decades of energy dependence, forcing the country to rapidly diversify its supply sources.

OMV, 31.5% owned by the Austrian state, had anticipated the deterioration in relations with Gazprom Export. The company had already reduced its reliance on Russian gas, increasing imports via pipelines from Germany and Italy.

Measures to Ensure Supply Security

Despite the supply cutoff, Environment and Energy Minister Leonore Gewessler assured on the platform X that the country’s energy security remains intact. She emphasized that storage facilities are full and alternative supply capacities are available. These measures aim to prevent an energy crisis similar to that of winter 2022, which destabilized several European countries.

The volumes affected by this halt are significant. OMV specified that the potentially impacted supply amounts to approximately 7,400 megawatt-hours per hour, equivalent to 5 terawatt-hours per month. This volume underscores the strategic importance of Russian gas to Austria’s energy system.

An Energy Conflict Amplified by the Ukraine War

Since the invasion of Ukraine, Russia has been repeatedly accused of using energy as a geopolitical leverage. The Austrian minister did not hesitate to label this decision as “another use of energy as a weapon.”

The cessation of deliveries also reflects a broader trend within the European Union. Several member states have drastically reduced their reliance on Russian gas, intensifying efforts to diversify sources, notably through liquefied natural gas (LNG) imports.

This interruption could mark a new phase in the reorganization of the European energy landscape. Austria, while ensuring its resilience, will likely need to intensify efforts for a sustainable and secure energy transition.

Register free of charge for uninterrupted access.

Publicite

Recently published in

Spanish energy group Naturgy reports a 4.3% decrease in net profit for 2024, impacted by weak gas prices, despite results surpassing initial expectations.
Natural gas remains an essential part of the energy transition, supporting renewable energy while reducing emissions. However, challenges remain, particularly regarding carbon prices and the competitiveness of gas against coal.
Natural gas remains an essential part of the energy transition, supporting renewable energy while reducing emissions. However, challenges remain, particularly regarding carbon prices and the competitiveness of gas against coal.
Electrochaea and Hitachi announce a strategic partnership aimed at introducing synthetic methane production technology to Japan, marking a significant milestone in the clean energy sector.
Electrochaea and Hitachi announce a strategic partnership aimed at introducing synthetic methane production technology to Japan, marking a significant milestone in the clean energy sector.
France’s imports of liquefied natural gas (LNG) from Russia surged by 81% between 2023 and 2024, reaching €2.68 billion. With its extensive port infrastructure, France has become the primary entry point for Russian LNG into Europe, marking a shift in the market landscape.
France’s imports of liquefied natural gas (LNG) from Russia surged by 81% between 2023 and 2024, reaching €2.68 billion. With its extensive port infrastructure, France has become the primary entry point for Russian LNG into Europe, marking a shift in the market landscape.
TotalEnergies and ENI have reached an agreement with Cyprus and Egypt to develop the Cronos gas field. This initiative aims to convert the resources of Block 6 into liquefied natural gas (LNG) for the European market, utilizing existing Egyptian infrastructure.
The PetroChina subsidiary refuels 2,200 tons of Liquefied Natural Gas (LNG) for an international container ship, affirming Hong Kong’s strategic position. This breakthrough demonstrates regional cooperation and the expansion of LNG bunkering in Asia.
The PetroChina subsidiary refuels 2,200 tons of Liquefied Natural Gas (LNG) for an international container ship, affirming Hong Kong’s strategic position. This breakthrough demonstrates regional cooperation and the expansion of LNG bunkering in Asia.
BP has announced the commissioning of two new wells in the Raven gas field, part of the West Nile Delta project in Egypt. This expansion aims to increase the country's natural gas production and support national energy objectives.
BP has announced the commissioning of two new wells in the Raven gas field, part of the West Nile Delta project in Egypt. This expansion aims to increase the country's natural gas production and support national energy objectives.
Commonwealth LNG has obtained a conditional non-free trade agreement (non-FTA) export authorization from the U.S. Department of Energy and a draft Supplemental Environmental Impact Statement (SEIS) from the FERC, marking significant progress toward a final investment decision in September 2025.
Commonwealth LNG has obtained a conditional non-free trade agreement (non-FTA) export authorization from the U.S. Department of Energy and a draft Supplemental Environmental Impact Statement (SEIS) from the FERC, marking significant progress toward a final investment decision in September 2025.
Italian oil company Eni plans to continue its exploration activities at the Zohr gas field in Egypt for an additional two years. This decision comes as the site’s production has declined in recent years, impacting the country’s energy supply.
After a fire in November 2024, the Alrar gas complex in Illizi has resumed part of its operations. Three out of four production trains are now operational, while the rehabilitation of the last one is still underway.
After a fire in November 2024, the Alrar gas complex in Illizi has resumed part of its operations. Three out of four production trains are now operational, while the rehabilitation of the last one is still underway.
The French Energy Regulatory Commission (CRE) has imposed a €12 million fine on Equinor and Danske Commodities for market manipulation during gas transport auctions. Equinor disputes the decision and has announced its intention to appeal.
The French Energy Regulatory Commission (CRE) has imposed a €12 million fine on Equinor and Danske Commodities for market manipulation during gas transport auctions. Equinor disputes the decision and has announced its intention to appeal.
TotalEnergies has entered into an agreement with Gujarat State Petroleum Corporation Limited (GSPC) to deliver 400,000 tons of liquefied natural gas (LNG) per year starting in 2026. This ten-year contract strengthens the French group's presence in the Indian energy market.
TotalEnergies has entered into an agreement with Gujarat State Petroleum Corporation Limited (GSPC) to deliver 400,000 tons of liquefied natural gas (LNG) per year starting in 2026. This ten-year contract strengthens the French group's presence in the Indian energy market.
QazaqGaz and PetroChina have signed an agreement to increase Kazakh gas exports to China in 2025. This expansion is part of a broader strategic energy cooperation between the two countries, further solidifying their commercial and economic ties.
Entergy Texas has entered into an agreement with Kinder Morgan to ensure a reliable natural gas supply for the growing Southeast Texas region. This initiative is part of the Trident Intrastate Pipeline project, aimed at strengthening energy reliability and supporting local industrial expansion.
Entergy Texas has entered into an agreement with Kinder Morgan to ensure a reliable natural gas supply for the growing Southeast Texas region. This initiative is part of the Trident Intrastate Pipeline project, aimed at strengthening energy reliability and supporting local industrial expansion.
Algeria, Nigeria, and Niger strengthen their commitment to constructing the Trans-Saharan Gas Pipeline. Three agreements were signed in Algiers to accelerate the project aimed at transporting Nigerian gas to Europe, addressing the growing demand in the energy market.
Algeria, Nigeria, and Niger strengthen their commitment to constructing the Trans-Saharan Gas Pipeline. Three agreements were signed in Algiers to accelerate the project aimed at transporting Nigerian gas to Europe, addressing the growing demand in the energy market.
Maurel & Prom has entered into a definitive agreement with NG Energy International to acquire 40% of the operated shares in the Sinu-9 gas permit in Colombia. This acquisition aligns with the group’s regional expansion strategy and strengthens its involvement in the Colombian gas sector.
Maurel & Prom has entered into a definitive agreement with NG Energy International to acquire 40% of the operated shares in the Sinu-9 gas permit in Colombia. This acquisition aligns with the group’s regional expansion strategy and strengthens its involvement in the Colombian gas sector.
Trinidad and Tobago consolidates its gas strategy by securing prices above the American Henry Hub (HH) index, despite a monthly decrease in exports. Authorities are pursuing exploration projects to bolster production and diversify pricing indices. ##
The government of Tanzania is working to finalize an attractive fiscal framework for a $42 billion gas project. Industrial partners are awaiting these guarantees to confirm their investments, while regional competition speeds up market developments.
The government of Tanzania is working to finalize an attractive fiscal framework for a $42 billion gas project. Industrial partners are awaiting these guarantees to confirm their investments, while regional competition speeds up market developments.
Ankara strengthens its energy supply with an agreement signed on February 11, 2025, with Turkmengaz. The first deliveries of Turkmen natural gas are scheduled for March, marking a strategic step in diversifying gas sources for Turkey and Europe.
Ankara strengthens its energy supply with an agreement signed on February 11, 2025, with Turkmengaz. The first deliveries of Turkmen natural gas are scheduled for March, marking a strategic step in diversifying gas sources for Turkey and Europe.
Facing the end of Gazprom deliveries, Transnistria is now sourcing gas through a Hungarian company, financed by a Russian intermediary. The European Union had proposed aid, conditioned on reforms, which the separatist region rejected.
Facing the end of Gazprom deliveries, Transnistria is now sourcing gas through a Hungarian company, financed by a Russian intermediary. The European Union had proposed aid, conditioned on reforms, which the separatist region rejected.
Gas prices in Europe have surpassed $620 per 1,000 cubic meters, reaching a level not seen in two years. At the same time, underground gas reserves have dropped below 50%, with withdrawal rates among the highest ever recorded for February. ##
GAIL, Indian Oil, and BPCL are in talks with U.S. suppliers to purchase additional liquefied natural gas (LNG). The objective is to diversify supply sources and secure extra volumes following the lifting of U.S. export restrictions.
GAIL, Indian Oil, and BPCL are in talks with U.S. suppliers to purchase additional liquefied natural gas (LNG). The objective is to diversify supply sources and secure extra volumes following the lifting of U.S. export restrictions.
Amid trade tensions with the United States, Taiwan's state-owned CPC Corporation is exploring an increase in its purchases of American natural gas. This decision could reshape its supplier distribution and redefine its international energy relations.
Amid trade tensions with the United States, Taiwan's state-owned CPC Corporation is exploring an increase in its purchases of American natural gas. This decision could reshape its supplier distribution and redefine its international energy relations.
A 3-billion-dollar agreement has been negotiated between Egypt, Shell, and TotalEnergies for 60 LNG cargoes in 2025. The terms include an indexation on the Dutch TTF and staggered payments. Confirmation is still pending.
A 3-billion-dollar agreement has been negotiated between Egypt, Shell, and TotalEnergies for 60 LNG cargoes in 2025. The terms include an indexation on the Dutch TTF and staggered payments. Confirmation is still pending.

Advertising