Austrian OMV will continue to pay for gas in euros - Breaking The News
Download our appPlay StoreApp Store

Austrian OMV will continue to pay for gas in euros

EPA / ROBERT JAEGER

Austrian Federal Minister for the European Union (EU) Karoline Edtstadler noted on Thursday that the Austrian oil and gas company has "always paid for gas in euros, and will continue to do," despite Moscow's requests.

The minister reiterated Austrian support for the EU's sanctions against Russia, emphasizing that the European Commission confirmed that the existing form of payment of Russian gas deliveries to Austria is "fully compliant with the sanctions."

Previously, Austrian Chancellor Karl Nehammer denied claims that Vienna will buy gas in rubles, after Moscow's decision to cut gas supplies to countries refusing to use rubles for payment.

Related News
OMV expects Russian gas to Austria to stop on Nov. 16
Austrian oil and gas company OMV shared on Friday that it received a notice from Russia's Gazprom Export that the delivery of natural gas to Austria will be stopped completely on November 16.The Austrian company previously announced that it won an arbitration claim from Gazprom Export in a dispute over a dispute regarding suspended gas supplies. The company is seeking €230 million in compensation from the Russian energy giant following a sharp decline in...
ADNOC-OMV merger deal reportedly facing issues
The merger deal between the Abu Dhabi National Oil Company (ADNOC) and OMV has stalled, the Financial Times reported on Friday. People familiar with the matter claimed that "the negotiations have cooled to allow both sides to navigate a series of disagreements." One of the issues is a deal announced in December 2022 that would see ADNOC take a 24.9% stake in the Austrian oil and gas giant. According to the report, that agreement is "taking longer than...
OMV reviewing Gazprom restrictions situation
OMV Aktiengesellschaft stated at a press conference on Friday that it is studying the situation regarding the newly imposed limitations on PJSC Gazprom's foreign operations. OMV added that the company already changed the way it is handling its business with Russia since that country's military operation in Ukraine began. It noted that it has since not featured developments in Russia in its "operating indicators, performance results or cash flows." The...
ADNOC to acquire a 24.9% stake in OMV
Abu Dhabi National Oil Co. (ADNOC) confirmed on Wednesday its intention to purchase a 24.9% stake in Austrian gas and oil company OMV from Mubadala Investment Co., estimated at about $4.1 billion. ADNOC Managing Director and Group CEO Sultan Al Jaber said that the deal built “strong bilateral ties between the United Arab Emirates and Austria, and our long-standing partnership with OMV... The transaction marks the next major milestone for ADNOC...

Please observe our Terms of Use. The price information is time delayed to varying extents, but as a rule by 15 minutes or more, according to the regulations of the selected stock exchange and/or licensors and the type of securities.

© 2025 TeleTrader Software GmbH. All rights reserved

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.