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.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

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.

McDermott has signed a contract amendment with Golden Pass LNG Terminal to complete Trains 2 and 3 of the liquefied natural gas export terminal in Texas, continuing its role as lead partner on the project.
Exxon Mobil will acquire a 40% stake in the Bahia pipeline and co-finance its expansion to transport up to 1 million barrels per day of natural gas liquids from the Permian Basin.
The German state is multiplying LNG infrastructure projects in the North Sea and the Baltic Sea to secure supplies, with five floating terminals under public supervision under development.
Aramco has signed 17 new memoranda of understanding with U.S. companies, covering LNG, advanced materials and financial services, with a potential value exceeding $30 billion.
The Slovak government is reviewing a potential lawsuit against the European Commission following its decision to end Russian gas deliveries by 2028, citing serious economic harm to the country.
The European Union is extending its gas storage regime, keeping a legal 90% target but widening national leeway on timing and filling volumes to reduce the price pressure from mandatory obligations.
The Mozambican government has initiated a review of the expenses incurred during the five-year suspension of TotalEnergies' gas project, halted due to an armed insurgency in the country’s north.
The number of active drilling rigs in the continental United States continues to decline while oil and natural gas production reaches historic levels, driven by operational efficiency gains.
Shell sells a 50% stake in Tobermory West of Shetland to Ithaca Energy, while retaining operatorship, reinforcing a partnership already tested on Tornado, amid high fiscal pressure and regulatory uncertainty in the North Sea.
Russian company Novatek applied major discounts on its liquefied natural gas cargoes to attract Chinese buyers, reviving sales from the Arctic LNG 2 project under Western sanctions.
A first vessel chartered by a Ukrainian trader delivered American liquefied gas to Lithuania, marking the opening of a new maritime supply route ahead of the winter season.
A German NGO has filed in France a complaint against TotalEnergies for alleged war crimes complicity around Mozambique LNG, just as the country seeks to restart this key gas project without any judicial decision yet on the substance.
Hut 8 transfers four natural gas power plants to TransAlta following a turnaround plan and five-year capacity contracts secured in Ontario.
By selling its US subsidiary TVL LLC, active in the Haynesville and Cotton Valley formations in Louisiana, to Grayrock Energy for $255mn, Tokyo Gas pursues a targeted rotation of its upstream assets while strengthening, through TG Natural Resources, its exposure to major US gas hubs supporting its LNG value chain.
TotalEnergies acquires 50% of a flexible power generation portfolio from EPH, reinforcing its gas-to-power strategy in Europe through a €10.6bn joint venture.
The Essington-1 well identified significant hydrocarbon columns in the Otway Basin, strengthening investment prospects for the partners in the drilling programme.
New Delhi secures 2.2 million tonnes of liquefied petroleum gas annually from the United States, a state-funded commitment amid American sanctions and shifting supply strategies.
INNIO and Clarke Energy are building a 450 MW gas engine power plant in Thurrock to stabilise the electricity grid in southeast England and supply nearly one million households.
Aramco and Yokogawa have completed the deployment of autonomous artificial intelligence agents in the gas processing unit of Fadhili, reducing energy and chemical consumption while limiting human intervention.
S‑Fuelcell is accelerating the launch of its GFOS platform to provide autonomous power to AI data centres facing grid saturation and a continuous rise in energy demand.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.