OMV gets over $243 million in arbitral award

Austria's OMV secures $243 million arbitral award for Gazprom's irregular German gas supplies
Austrian integrated oil and gas company OMV announced on Nov. 13 that it had secured an arbitral award from the International Chamber of Commerce exceeding $243 million. This ruling relates to irregularities in German gas supplies provided by Gazprom.
OMV expects Russian gas supplies to Austria to stop on Nov 16
MOSCOW. Nov 15 (Interfax) - OMV has announced that it has received a notice from Gazprom regarding the suspension of Russian gas supplies to Austria starting Saturday morning.
OMV to pursue Gazprom for awarded damages despite gas supply risk
Austrian energy player plans to enforce arbitration award from Russian company revenues for remaining exports to Europe
Russian Gas Supply to Europe Faces Disruption Risk, OMV Warns
(Bloomberg) -- OMV AG warned Russian natural gas supplies may be disrupted as the company intends to stop paying for imports from Gazprom PJSC to recoup damages it won in arbitration. European futures surged to the highest in a year. OMV doesn’t expect G ...
Gas in Europe is already over $ 500: the decline in Gazprom's supplies has become more real than ever
EADaily, November 14th, 2024. The price of gas in Europe exceeded $ 500 per thousand cubic meters. A new movement was given to her by news from Austria, where OMV announced the winning of compensation from Gazprom in arbitration and plans to receive it from payments that Austrians make for Russian gas on a monthly basis.
Russian gas supply could stop to Austria before year-end
Goerlich and Nina Chestney VIENNA/LONDON (Reuters) - Russian gas supply to oil and gas company OMV in Austria is at risk of stopping before the end of the year due to an arbitration case against Gazprom,
Gas prices in Europe rise sharply as Gazprom may cut off supplies to Austria
European gas futures jumped to their highest level in a year. This was due to fears that Gazprom may cut off supplies to Austria, Bloomberg reports. Futures on the TTF hub in the Netherlands rose by 3.
Austria's OMV informed by Gazprom that deliveries to be reduced to 0%, says platform
Austria's OMV has been informed by Gazprom that the Russian gas producer would reduce to 0% its deliveries of natural gas ...
Rigzone7h
OMV Wins $243 Million Arbitral Award vs Gazprom over Undelivered Gas
The Austrian oil and gas distributor won an arbitral award of damages against Russia's Gazprom over failures to deliver ...
OMV Says Gazprom to Suspend Austria Gas Deliveries on Nov. 16
OMV AG said Russia’s Gazprom PJSC has notified it that it will suspend natural gas deliveries to Austria on Nov. 16.
OMV gets over $243 mln in arbitral award for Gazprom's irregular German gas supplies
OMV has received an arbitral award of over 230 million euros ($243.06 million) from the International Chamber of Commerce ...
eadaily1d
Austrian OMV was awarded compensation from Gazprom: they do not rule out stopping supplies
Austrian OMV announced that it had won an arbitration claim from Gazprom Export in a dispute over the suspension of ...
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Energy prices rising for festive period
A substantial drop in temperatures is expected to accelerate the depletion of gas reserves, increasing pressure on supply ...
Russia economy crisis intensifies as Kremlin energy row sends gas price surging
The Austrian energy company OMV has been in dispute with the Kremlin-owned Gazprom over disruptions to gas supplies in the ...