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

Russia’s state-backed gas supplier has had a key European contract terminated in a blow to Vladimir Putin’s war economy.

For decades, Austria maintained a stable energy partnership with Russia. This changed when Austrian energy company OMV ...

Country faces major energy security issue in January, with Austria and Slovakia better prepared for halt in Russian gas ...

The 10-year deal is for the supply of 500,000 barrels of oil per day, or about 0.5 per cent of the world’s supply ...

United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan approved a board of directors for XRG, state oil giant ...

Moreover, Russian gas continues to flow to Austria. However, past OMV. OMV, which has been associated with Russia for 50 ...

Austria’s OMV said it had cancelled its long-term deal with Gazprom following a long-running legal row over disruption to ...

United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan approved a board of directors for XRG, state oil ...

OMV's CEO believes his company is well prepared for the end of the Russian Gazprom contract. However, Alfred Stern is certain ...

The operator of Ukrainian thermal power plants reported hits to thermal power plants and damage to equipment. After another ...