OMV Secures Additional Gas Capacity for Austria
July 14 2022 - 7:08AM
Dow Jones News
By Ed Frankl
OMV AG said Thursday that it has secured additional capacity for
gas transport for the coming year as the energy industry gears up
for an uncertain winter.
The Austrian oil-and-gas company said it has secured 40 TWh of
further gas capacity into Austria for the year starting Oct. 1 and
finishing Sept. 30, 2023.
The amount corresponds to nearly half of Austria's annual gas
requirements and covers OMV's delivery obligations in the country,
the company said.
"This will enable us to bring the gas we produce ourselves in
Norway, as well as purchased LNG volumes, to Austria when needed
and reliably supply our customers," Chief Executive Alfred Stern
said.
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
July 14, 2022 06:53 ET (10:53 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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