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

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

OMV has been a long-standing importer of Russian gas and a participant in a joint venture with Gazprom and Germany’s Wintershall Dea for developing the Yuzhno-Russkoye gas field in the Yamalo-Nenets Autonomous Okrug under Severneftegazprom.

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.

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,

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.

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

Austrian integrated energy company OMV said December 11 it had terminated its long-standing natural gas supply contract with Gazprom Export, citing “multiple fundamental breaches of contractual obligations” by the Russian firm.

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