Gazprom, OMV extend gas supply deal to 2040

Gazprom, OMV extend gas supply deal to 2040
Image courtesy of Gazprom

Russian giant Gazprom and Austrian OMV Gas Marketing & Trading signed an extension to the existing contract for the supply of Russian natural gas to Austria until 2040. 

The extension was signed during the meeting between Gazprom’s head Alexey Miller and his OMV counterpart Rainer Seele.

Speaking of the agreement, Miller said it is a “testament to the growing need for gas imports both in Austria and Europe in general.”

Seele added that “by 2030, the European Union will have to import more than 80 percent of the needed natural gas. By extending this gas supply contract, we will provide Austria and other European countries with natural gas despite the increase in demand.”

During the meeting, the two parties also focused on the Nord Stream 2 project and the importance of developing gas transmission capacities amid the decline in domestic production in Europe.

Share this article

Follow LNG World News

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 >