MNI BRIEF: Treasury's Yellen: Inflation Moving To Fed's Target

MNI BRIEF: China State Planner To Increase Trade-in Support

MNI China Daily Summary: Thursday, July 25

MNI: PBOC Conducts CNY200 Bln via MLF Thurs; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.1321 Thurs; -1.92% Y/Y

CHINA PBOC CONDUCTS CNY235.1 BILLION VIA 7-DAY REVERSE REPOS THURS

US Treasury Auction Calendar

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

LFS Employment Growth Exceeds RNS Estimates In Q2

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Austria Looking to End Russian Gas Contract

NATURAL GAS

Austria is seeking to take radical steps to reduce it continued reliance on Russian gas imports according to Reuters, citing the country’s Energy Minister.

  • Despite government ministers repeating that Russia was not a reliable partner, state-owned oil company OMV clarified that it would continue buying gas from Gazprom under its contract lasting till 2040.
  • The share of Russian gas as a total of Austria’s supply increased in December to 98%, compared to 76% in November, although volumes did fall.
  • "We must prepare to exit OMV's long-term contracts," Energy Minister Leonore Gewessler said.
  • It was not clear what extent other members of Austria’s ruling coalition were involved in the plan, and with an election later this year, there may be further change.
CEEMEAEnergy BulletsCommodities
CEEMEAEnergy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.