Austria seeking to end Russian gas import contract, energy minister says [Reuters]
OMV AG BEARER SHS S/ADR (OMVKY)
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Source: Reuters
VIENNA, Feb 12 (Reuters) - Faced with stubbornly high Russian gas imports as the war in Ukraine rages on, Austria is seeking to take more radical steps, including ending energy company OMV's long-term contract to buy gas from Gazprom, Austria's energy minister said on Monday. Having long sought to maintain close ties with nearby Russia, Austria sought to end its decades-long dependency on affordable Russian gas soon after Russia invaded Ukraine in 2022, scrambling to find alternative providers. While political leaders like Energy Minister Leonore Gewessler of the Greens repeated that Moscow was no longer a reliable partner, partly state-owned oil company OMV (OMVV.VI) , opens new tab made clear that it would keep buying gas from Gazprom (GAZP.MM) , opens new tab under a contract that runs until 2040. At a news conference called at a day's notice, Gewessler said the Russian share , opens new tab of Austria's gas imports actually increased in December to a new record of 98% from
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