The Austrian oil and gas company OMV has announced the termination of a natural gas supply contract with the russian Gazprom. The contract was concluded in

Austria's OMV said on Wednesday it had terminated its long-term gas supply contract with Gazprom after the Russian firm stopped deliveries last month amid a row that has been highly politicized due to the war in Ukraine.

The termination of this contract significantly reduces the risk exposure of OMV Gas Marketing & Trading (OGMT).

OMV continues to implement diversification strategy for gas supply sources and additional pipeline capacities, OMV head says - Anadolu Agency

Russia’s state-backed gas supplier has had a key European contract terminated in a blow to Vladimir Putin’s war economy. Austria’s OMV said it had cancelled its long-term deal with Gazprom following a long-running legal row over disruption to supplies in 2022 following the invasion of Ukraine.

Russian gas exports to Europe through Ukraine remained stable despite Vienna-based OMV's contract termination with Russia's Gazprom due to a contractual dispute. Austria's reliance on Russian gas has come under scrutiny,

Austrian oil and gas company OMV has terminated its long-term gas supply contract with Russia's Gazprom Export, the OMV website reported on Dec. 11.

Austrian oil and gas firm OMV said on Wednesday it had ended its long-term contract with Russian energy giant Gazprom after the latter ceased supplying

The Austrian energy company OMV said on Wednesday that it has terminated its long-term gas supply contract with Russia's Gazprom, effective immediately, due to "several fundamental breaches of contract.