MORE RUSSIAN GAS FOR AUSTRIA

GAZPROM - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the Executive Board of OMV, took place in St. Petersburg.

The parties reviewed current issues related to cooperation. It was noted that 2018 had been marked by the signing of documents that were of strategic importance for further interaction in a wide range of areas.

Particular attention at the meeting was paid to the growing demand for gas supplied by Gazprom to Austria. In the period from January 1 through January 27, 2019, gas exports totaled an estimated 1.2 billion cubic meters, an increase of 35 per cent from the same period of last year.

Alexey Miller and Rainer Seele discussed the ongoing construction of the Nord Stream 2 gas pipeline. It was highlighted that the construction was moving on schedule. The parties stressed the importance of creating a new route for exports from Russia with a view to improving Europe's energy security.

-----

Background

OMV AG is Gazprom's main partner in Austria. The companies cooperate in gas production, transportation and supplies.

Since 2017, OMV has been partnering with Gazprom in the Yuzhno-Russkoye oil, gas and condensate field development.

In June 2018, an Agreement was signed to extend until 2040 the existing contract between Gazprom Export and OMV Gas Marketing & Trading GmbH for Russian gas supplies to Austria.

In November 2018, an Amendment to the contract on gas supplies to Austria was inked. According to the document, gas deliveries to Austria would be increased by 1 billion cubic meters per year beyond the contractual amount for the entire contract period.

In October 2018, Gazprom and OMV signed the Memorandum on Strategic Cooperation.

Also in October 2018, Gazprom and OMV inked the Basic Agreement on Asset Sale. In accordance with the document, OMV would obtain a 24.98 per cent stake in the project for developing Blocks 4A and 5A in the Achimov formations of the Urengoyskoye field.

Nord Stream 2 is the construction project for a gas pipeline with the annual capacity of 55 billion cubic meters from Russia to Germany across the Baltic Sea.

-----

Earlier: 

2019, January, 16, 11:25:00 U.S. SANCTIONS FOR OMV REUTERS - Threatening to impose U.S. sanctions on companies involved in the Russian-backed Nord Stream 2 pipeline is unacceptable, the head of Austria’s OMV, which has a stake in the project, told Germany’s Handelsblatt.

2018, November, 7, 11:05:00 RUSSIA'S GAS FOR AUSTRIA UP GAZPROM - In the course of the meeting, the parties signed an Amendment to the contract on gas supplies to Austria. According to the document, gas deliveries to Austria will be increased by 1 billion cubic meters per year beyond the contractual amount for the entire contract period. Русский | English

2018, May, 18, 08:45:00 GAZPROM - AUSTRIA: +70.4% GAZPROM - The parties reviewed the issues of cooperation in the energy industry, focusing on, inter alia, substantial growth in Russian gas exports to Austria. According to preliminary data, from January 1 through May 14, 2018, Gazprom delivered to Austria 4.7 billion cubic meters of gas, an increase of 70.4 per cent from the same period of last year. Русский | English

2018, April, 27, 11:05:00 GAZPROM - AUSTRIA COOPERATION GAZPROM - According to estimates, Russian gas exports to Austria between January 1 and April 24 exceeded the amount exported in the same period of last year by 79.2 per cent, with 4.2 billion cubic meters of gas delivered to consumers. Русский | English

2018, April, 11, 13:00:00 RUSSIAN GAS FOR AUSTRIA: +77% GAZPROM - from January 1 through April 8, 2018, Gazprom had supplied Austria with 3.7 billion cubic meters of gas, a rise of 77.2 per cent compared to the same period of last year. Русский | English

2018, February, 27, 14:10:00 RUSSIAN GAS FOR AUSTRIA UP GAZPROM - In early 2018, the demand for gas is still on the rise in the country. According to estimates, from January 1 through February 21, 2018, Gazprom delivered to Austria 1.8 billion cubic meters of gas, a rise of 60.6 per cent against the same period of 2017 (1.1 billion cubic meters). Русский | English

2017, October, 18, 19:00:00 GAZPROM FOR AUSTRIA: +48% From January 1 through October 15, 2017, Gazprom had supplied Austria with 6.4 billion cubic meters of gas, up 48.3 per cent or 2.1 billion cubic meters of gas versus the same period in 2016. Moreover, on October 4, 2017, the amount of gas delivered by Gazprom to Austria since the start of 2017 exceeded the full-year total for 2016 (6.13 and 6.1 billion cubic meters, respectively). Русский | English