Energy Minister Leonore Gewessler (Greens) wants to examine the options for exiting the gas supply contracts between OMV and the Russian Gazprom. To this end, the economic research institute Wifo, on behalf of the Ministry of Energy, will examine the economic effects of a contract termination and the dangers of prolonged dependence on Russian energy by the summer Gas analyze, Gewessler announced at a press conference on Monday. The contracts between the partially state-owned oil and gas company OMV and Gazprom run until 2040 and, according to Gewessler, provide for a fixed purchase obligation (“take-or-pay”) for large quantities of natural gas. So you have to pay even if no Russian natural gas is purchased. These gas supply contracts “cemented” Austria’s dependence on Russian gas Gas.
Gas supply contracts | OTS.at
