-- Austria’s reliance on Russian natural gas is being tested, after OMV AG warned traders that European courts could interrupt its payments to Gazprom PJSC.These Flight Routes Suffer the World’s Worst TurbulenceA failure to pay the Kremlin-controlled gas giant on time would likely interrupt supplies, OMV said late Tuesday in a so-called urgent market message. Gazprom has covered more than 80% of Austrian imports over the last seven months under a long-term contract running until 2040.
The new OMV warning was issued as Austria reviews its contract with Gazprom. Energy Minister Leonore Gewessler has sought to accelerate the country’s pivot away from Russian supplies ahead of national elections later this year.For more than half a century, Austrian households and industries have been locked into agreements first signed with the Soviet Union.
Trump lashes out after DOJ reveals classified documents were found in ex-president’s bedroom at Mar-a-Lago