Austria to get more Russian gas under new Gazprom, OMV deal

Rainer Seele and Alexey Miller (Image courtesy of Gazprom)

Russian gas giant Gazprom will increase its contracted gas supplies to Austria as part of a new deal it signed with OMV.

To remind, Gazprom and OMV in June this year extended their long-term gas supply contract to 2040 from 2028.

Under the newest deal signed on Monday by Gazprom’s Alexey Miller and OMV’s Rainer Seele, “gas deliveries to Austria will be increased by 1 billion cubic meters per year beyond the contractual amount for the entire contract period,” Gazprom said in a statement.

“Over the past few years, Gazprom has been setting new records for exports to Austria. In the first ten months of 2018 alone, gas supplies to the country have grown by a third compared to the same period of 2017, reaching 8.8 billion cubic meters,” Miller said in the statement.

According to OMV’s Seele, Europe’s demand for gas will rise primarily as the result of gas-fired power plants successively replacing coal, coupled with the simultaneous decrease in European production.

“By increasing gas supplies to Baumgarten in Lower Austria, we are making an additional contribution to security of supply in Austria – as well as to other European countries,” he added.

 

Share this article

Follow LNG World News

Posted on November 5, 2018 with tags , .

Events>

<< Apr 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 1 2 3 4 5

Downstream 2019

Renowned as the most significant global meeting place for Downstream professionals…

read more >

Central and Eastern Europe SSLNG Forum

SSLNG projects are important for Central and Eastern Europe (CEE) because they offer opportunities for solving issues…

read more >

Klaipeda LNG Forum 2019

Klaipėda LNG forum 2019 organised by Klaipėda Science and Technology Park, Klaipėdos nafta and Embassy of the Netherlands will take place on the 15-16 May at Klaipėda Castle’s site hall, Lithuania.

read more >

Flame 2019

Flame is Europe’s largest gathering of midstream gas & LNG players, bringing together everyone who matters – from producers to utilities, purchasers, infrastructure providers, traders, regulators and policy makers.

 

More info

read more >