Reported about 8 hours ago
Austria's half-century relationship with Gazprom came to an abrupt halt after OMV seized Russian gas as a settlement for an arbitration award against the company. This move, following a German arbitration ruling favoring OMV, has led to Gazprom ceasing gas supplies to Austria, marking a significant shift in European energy dynamics. Despite the halting of direct supplies, gas continues to flow to Austria via Slovakia, raising questions about OMV's future engagements with Russian energy amidst rising tensions following the Ukraine invasion.
Source: YAHOO