Austria Will Continue To Buy Russian Gas, Energy Giant Says
Austrian oil and gas conglomerate OMV will continue to buy most of its gas from Russia this winter, CEO Alfred Stern said in an interview with the Financial Times published on Sunday.
According to Stern, the company signed a long-term contract with Gazprom in 2018, which runs until 2040, and OMV does not plan to exit the agreement any time soon.
“As long as Gazprom will supply… we will continue to take these quantities from Gazprom,” Stern stated. Russian gas is currently not subject to the Ukraine-related EU sanctions on Moscow, and while the issue is “for policymakers to decide,” placing restrictions on it and thus “eliminating certain [energy] sources will also drive price rises,” he warned.
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