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NATGAS: Austria Well Prepared for Gas Transit End: Regulator

NATGAS
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Austria should not face gas supply disruption as it prepared for a switch away from Russian supply Austria's energy regulator E-Control said on Monday.

  • Traders appear well prepared for Ukraine transit to end and had already priced in the change according to the regulator.
  • Markus Krug, deputy head of the gas department at E-Control said to Reuters that Russian gas would likely continue to flow through Turkey, which would continue to supply Hungary, and noted that close attention was being paid to Slovakia.
  • He estimated that most of Slovakia's gas supply could come from Hungary, roughly a third from Austria and the remainder from the Czech Republic and Poland.
  • Austria’s OMV previously said the company had taken measures to diversify its supplies to ensure customers were served
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Austria should not face gas supply disruption as it prepared for a switch away from Russian supply Austria's energy regulator E-Control said on Monday.

  • Traders appear well prepared for Ukraine transit to end and had already priced in the change according to the regulator.
  • Markus Krug, deputy head of the gas department at E-Control said to Reuters that Russian gas would likely continue to flow through Turkey, which would continue to supply Hungary, and noted that close attention was being paid to Slovakia.
  • He estimated that most of Slovakia's gas supply could come from Hungary, roughly a third from Austria and the remainder from the Czech Republic and Poland.
  • Austria’s OMV previously said the company had taken measures to diversify its supplies to ensure customers were served