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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.
NATGAS
OMV is currently unaware of any irregularities in Gazprom’s gas supplies to Austria, the company said, cited by Bloomberg.
- The response by OMV was in answer to questions on whether it had transferred its June 20 payment for Gazprom deliveries received at the border.
- Gazprom provides OMV with around 6 bcm of natural gas per year.
- The issue with supply comes in relation to a ruling in a Swedish court which awarded Uniper around EUR13 billion in damages from Gazprom due to undelivered gas during the 2022 energy crisis.
- As Gazprom is unlikely to pay and has few assets left in Europe, payment could be rerouted from European companies still receiving Russian gas, such as Austria’s OMV.
- Were this to occur, Gazprom would likely cut off the remaining flows to Europe.
Source: Bloomberg
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.
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