Tag Archives: Austria

OMV AG has made a final investment decision to proceed with the construction of an electrolysis facility in Bruck an der Leitha, Lower Austria. The 140-MW electrolyzer – a facility that splits water molecules into hydrogen and oxygen through electricity – is planned to produce up to 23,000 metric tons …

Natural gas production from the massive discovery in the Black Sea offshore Romania is expected to begin in 2027, Austria’s energy giant OMV said on Wednesday, adding that the project, Neptun Deep, is advancing as scheduled. Drilling for the first of ten wells began in March this year and is …

Austria’s energy firm OMV has seized $241 million (230 million euros) of Gazprom natural gas deliveries for October as a means to recover the arbitration award, which prompted Gazprom to cut off supply, sources close to OMV and Gazprom have told Reuters. Earlier this month, OMV said that it had …

Requests from customers in Austria and Slovakia for Russian natural gas supply via Ukraine rose by 6% on Tuesday compared to Monday, even as Gazprom cut off supply to Austrian energy group OMV this weekend amid a contractual dispute. Nominations from companies in Austria and Slovakia were still 12% below …

Austria appears to be still receiving some Russian gas two days after the country’s integrated energy company, OMV, declared it would stop paying Gazprom to offset a 230 million-euro ($242 million) arbitration award by the International Chamber of Commerce over a previous gas cut-off. According to Reuters, gas flows from …

The Austrian chancellor said on Friday that Russia’s Gazprom will stop gas supply to Austria from Saturday. “What we have been preparing for since the outbreak of war in Ukraine has happened. I was informed this afternoon that Gazprom will stop deliveries to (Austrian gas company) OMV tomorrow morning,” Karl …

Russia’s Gazprom PJSC has decided to play its favorite game: pipeline politics. Starting November 16, Austria is off the guest list for Russian natural gas, following a €230 million ($242 million) arbitration spat between Gazprom and Austria’s OMV AG. OMV, refusing to let that cash slip away, decided to withhold …

Austria, one of the few EU countries still receiving Russian natural gas by pipeline, is looking to reduce its dependence on Moscow, including by seeking to end a long-term deal that Austria-based energy giant OMV has with Gazprom, Austrian Energy Minister Leonore Gewessler said on Monday. “Austria has become massively …

Equinor, an oil and gas company, has signed long-term gas supply deal with Austrian energy company OMV. Starting 1 October 2023, the five-year agreement will see Norway’s Equinor supply 12 terawatt-hour (TWh) of gas annually. Equinor said it will deliver the gas at the Trading Hub Europe in Germany. The …

Scientists at Vienna University of Technology have invented a new oxygen ion battery chemistry based on ceramic materials. If it degrades, it can be regenerated, therefore it potentially has an extremely long lifespan. Also, it does not require any rare elements and it is incombustible. For large energy storage systems, …