• About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, July 11, 2025
  • Login
  • Register
thehopper.news
  • Home
    • Home
    • About
  • Video
    • Discussion
  • Geopolitics
  • Intel & Security
  • Foreign Affairs
  • News
    • All
    • Politics
    • World
    Hungary summons Ukrainian envoy over death of recruit from ‘forced conscription’

    Hungary summons Ukrainian envoy over death of recruit from ‘forced conscription’

    Trump to send $300 million worth of weapons to Ukraine – Reuters

    Trump to send $300 million worth of weapons to Ukraine – Reuters

    BRICS in Rio: From Global South to global power

    BRICS in Rio: From Global South to global power

    Zelensky claimed he ‘never heard of’ Ukrainian Nazi WWII crimes – Polish President

    Zelensky claimed he ‘never heard of’ Ukrainian Nazi WWII crimes – Polish President

    Ruble hits two-year high against dollar

    500% secondary tariffs won’t derail Russian policy – Moscow

    Trump threatens Brazil with 50% tariffs over ‘witch-hunt’ trial

    Education is the ‘soft diplomacy’ for fostering ties – honorary diplomat (VIDEO)

    Education is the ‘soft diplomacy’ for fostering ties – honorary diplomat (VIDEO)

    Council of Europe ‘alarmed’ by reports of draft-related Ukrainian deaths and torture

    Council of Europe ‘alarmed’ by reports of draft-related Ukrainian deaths and torture

    US never planned to halt weapon deliveries to Ukraine – Rubio

No Result
View All Result
thehopper.news
No Result
View All Result
Home News

EU country doubles Russian gas imports

by Admin
October 31, 2023
in News, Politics, World
0
27
SHARES
108
VIEWS
Share on FacebookShare on Twitter

Published: October 31, 2023 2:33 pm
Author: RT

Austrian energy major OMV has been ramping up purchases under its long-term contract with Gazprom

Austrian energy conglomerate OMV purchased an average of 5.4 terawatt-hours –or over 55 million cubic meters– of Russian natural gas on a monthly basis last quarter, according to a statement from the company on Tuesday. 

The amount is more than double compared to last year’s import during the same period for OMV’s total supply to Austria and Germany.

The purchase is part of the company’s long-term agreement with Russia’s Gazprom, OMV said.

“The uncertainty regarding future delivery volumes remains and could result in further substantial losses, in particular, in case actual deliveries materially deviate from nominated volumes,” the statement reads.

According to the report, in the third quarter of 2022 OMV imported a total of 2.5 terawatt hours (TWh) of gas –amounting to more than 25 million cubic meters (mcm)– monthly from Gazprom for its supply to Austria and Germany. In the following quarter, the supply increased slightly, to 2.8 TWh (up to 29 mcm), with the entire volume flowing to Austria.

In the first quarter of this year, OMV bought an average of 4.8 TWh (49.6 mcm) of gas from Gazprom for supply to Austria, while in the second quarter the volume amounted to 4.9 TWh.


READ MORE: Austria to keep buying Russian gas, energy giant says

OMV covers around 30% of Austria’s gas needs. Last year, the company was among the first to agree to pay for Russian gas in rubles under a new settlement mechanism that Moscow introduced and is mandatory for ‘unfriendly countries’ that have imposed sanctions on Russia. OMV’s chief executive Alfred Stern said at the time that abandoning Russian gas was impossible for Austria and would have dire consequences for its economy and energy security.

Stern recently told the Financial Times that OMV will adhere to its long-term contract with Gazprom and does not plan to exit the agreement any time soon. The contract with Gazprom was signed in 2018 and runs until 2040.

“As long as Gazprom will supply… we will continue to take these quantities from Gazprom,” the CEO stated.

For more stories on economy & finance visit RT’s business section

Full Article

Tags: Russia Today
Share11Tweet7
Previous Post

Blinken’s son dressed up as Zelensky for Halloween

Next Post

Maidan snipers: The founding myth of ‘new’ Ukraine has been proven to be a lie. Why is the West silent?

Admin

Admin

Next Post
Maidan snipers: The founding myth of ‘new’ Ukraine has been proven to be a lie. Why is the West silent?

Maidan snipers: The founding myth of ‘new’ Ukraine has been proven to be a lie. Why is the West silent?

thehopper.news

Copyright © 2023 The Hopper New

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
    • Home
    • About
  • Video
    • Discussion
  • Geopolitics
  • Intel & Security
  • Foreign Affairs
  • News

Copyright © 2023 The Hopper New

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.