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Gazprom stops fuel to Austria

Russia’s state-owned natural gas company Gazprom stopped supplies to Austria early Saturday, according to the Vienna-based utility OMV after it said it would stop payments for the gas following an arbitration award. The official cutoff of supplies before dawn Saturday...

AP

Vienna, Updated At : 04:03 AM Nov 17, 2024 IST

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Russia’s state-owned natural gas company Gazprom stopped supplies to Austria early Saturday, according to the Vienna-based utility OMV after it said it would stop payments for the gas following an arbitration award.

The official cutoff of supplies before dawn Saturday came after Austrian Chancellor Karl Nehammer on Friday held a hastily called news conference to emphasise his country has a secure supply of alternative fuel for this winter.

OMV said it would stop paying for Gazprom gas to its Austrian arm to offset a USD 242 million arbitration award it won it won from the International Chamber of Commerce over an earlier cutoff.

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