Saturday 25 May 2019 \

 

Gazprom to boost gas supplies to Austria by 1 bln cubic meters per year

Russian energy giant Gazprom and Austrian oil and gas company OMV have signed a supplement to a contract in order to increase gas supplies to Austria by 1 bln cubic meters per year.
 
Gazprom CEO Alexei Miller and OMV CEO Rainer Seele signed the document at their working meeting in St. Petersburg, the Russian gas holding said in a statement.
 
"The document stipulates an increase of gas supplies to Austria in addition to the contract volume by 1 billion cubic meters per year throughout the term of the contract," it said, TASS reported.
 
"Gazprom’s export to Austria has been setting new and new records over the past few years. In 10 months of 2018 the supplies to the republic exceeded by one third the volume in the same period of 2017, reaching 8.8 bln cubic meters. The signing of the deal on extra export volumes, in addition to the contract, once again confirms high demand of our European consumers in Russian gas," Miller said.
 
Seele noted that Europe’s demand in gas will grow since gas-fired power stations successfully replace coal while domestic production in Europe drops. The increasing gas supplies to Baumgarten in Lower Austria contribute to ensuring security of energy supplies for both Austria and other European countries, he said.
 

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