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NATGAS: Top Austrian Utility Removes Dependence on Russian Gas

NATGAS
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The top utility in Vienna Wien Energy said it won’t need Russian fuel as of 2025, after sourcing 10TWh of alternatives, Bloomberg said.

  • This is about 12% of national consumption in Austria, Bloomberg said.
  • The alternatives will come from North Africa, the North Sea, and other LNG suppliers.
  • The announcement will help alleviate pressure on gas markets, with traders preparing for Russian gas flows via Ukraine to stop in January.
  • Over half of Austria’s gas supply came from Russia in H1 2024.
  • Wien Energy will continue to procure supplies via the Central European Gas Hub, bt will requirement certifications that the imports are not Russian.

 

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The top utility in Vienna Wien Energy said it won’t need Russian fuel as of 2025, after sourcing 10TWh of alternatives, Bloomberg said.

  • This is about 12% of national consumption in Austria, Bloomberg said.
  • The alternatives will come from North Africa, the North Sea, and other LNG suppliers.
  • The announcement will help alleviate pressure on gas markets, with traders preparing for Russian gas flows via Ukraine to stop in January.
  • Over half of Austria’s gas supply came from Russia in H1 2024.
  • Wien Energy will continue to procure supplies via the Central European Gas Hub, bt will requirement certifications that the imports are not Russian.

 

Keep reading...Show less