ÖMV Continues to Buy Russian Gas Despite Sanctions: Insights from Alfred Stern, Executive Director

2023-07-09 12:47:00

The Austrian energy company ÖMV will continue to buy Russian gas, despite the sanctions. About it in an interview Financial Times said the executive director of the organization Alfred Stern.

The company entered into a long-term contract with Gazprom. “As long as Gazprom supplies, we will continue to receive these volumes from Gazprom,” Stern said, adding that ÖMV has the right to buy gas from any source as long as it is “legally acceptable.”

According to the publication, this company provides regarding 30% of Austria’s gas supplies. Purchases of energy resources from Russia last winter cost more than 1 billion euros per month. Austria and Hungary, unlike Germany and the Czech Republic, have hardly reduced their dependence on Russian gas.

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