November 25, 2024
Austria confiscated Russian gas worth 230 million euros - Reuters thumbnail
Economy

Austria confiscated Russian gas worth 230 million euros – Reuters

The Austrian oil and gas company OMV confiscated Russian gas as payment for the arbitration decision, according to which Gazprom had to compensate 230 million euros.”, — write: www.epravda.com.ua

The Austrian oil and gas company OMV confiscated Russian gas as payment for the arbitration decision, according to which Gazprom had to compensate 230 million euros.

This was reported to the Reuters agency by five sources, “European Truth” writes.

OMV was one of the few buyers of Russian gas in Europe after Gazprom lost almost all of its customers following Russia’s full-scale invasion of Ukraine in 2022.

On November 13, OMV stated that won the arbitration against Gazprom for 230 million euros due to irregular deliveries to its German division, and will take steps to implement the decision immediately. Three days later, Gazprom suspended the supply of blue fuel to the Austrian company.

According to three sources close to Gazprom and OMV, the Austrian company confiscated 230 million euros worth of gas supplies for October.

According to one of the sources close to Gazprom, this was the first time that a customer from the European Union did not pay for gas.

A source close to OMV said that the company viewed receiving October gas supplies from Gazprom as a last chance to receive funds under the arbitration award if Ukraine stops the transit of Russian gas in January.

According to a source close to Gazprom, the Russian monopolist viewed gas confiscation as non-payment and therefore stopped the supply.

Chancellor of Austria Karl Neghammer assuredthat after the cessation of gas supplies to the country by the Russian “Gazprom”, it will not be left without blue fuel during the heating season.

European truth

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