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Austria’s OMV is receiving roughly 70% less gas than ordered, it says

Austrian oil and gas company OMV said on Monday it is receiving roughly 70% less natural gas than it ordered…

By financial2020myday , in Stock Markets , at July 11, 2022

Austrian oil and gas company OMV said on Monday it is receiving roughly 70% less natural gas than it ordered after the biggest pipeline carrying Russian gas to Germany began annual maintenance, reducing flows to Europe.

A spokesman for OMV confirmed a figure first reported by Austrian news agency APA. Austria relies heavily on Russia for gas, obtaining about 80% of its supply from that one country. Russian deliveries have recently been between roughly half and 60% of agreed volumes.

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