Ferdja Ferdja.com delivers the latest news and relevant information across various domains including politics, economics, technology, culture, and more. Stay informed with our detailed articles and in-depth analyses.
( Reuters) -Russia’s Gazprom has actually informed Austria that it is putting on hold gas distributions from Saturday, a gas circulation surveillance system reported on Friday, in an advancement that can signify completion of the last Russian gas products to Europe.
In a notification released on the main European gas center system, Austrian oil and gas firm OMV stated it had actually been educated by Gazprom that the Russian gas manufacturer would certainly decrease its distributions of gas to no from 0500 GMT on Nov. 16.
Russian gas supply to OMV through Ukraine went to danger of quiting prior to completion of the year as a result of a mediation situation versus Gazprom, the firm currently alerted on Thursday.
Austria is among minority European nations still depending on Russian gas as much of the remainder of the continent has actually minimized imports adhering to Moscow’s major intrusion of Ukraine in 2022.
The quantity is 7,400 megawatt hours per hour, which represents about 5 terawatt hours monthly.
Gazprom decreased to comment.
A bargain in between Moscow and Kyiv on Russian gas exports via Ukraine to Europe ends at the end of the year all the same. The transportation path products generally Austria and Slovakia for Russia through Ukraine.
Kyiv has actually stated repetitively it will certainly not expand the agreement with Gazprom.
OMV stated it has actually been getting ready for the ultimate cut-off of Russian gas for some time and it can still provide gas to its clients. It has actually protected transportation capability from Germany and Italy to Austria, in addition to long-lasting agreements with various other vendors for gas. It can additionally obtain dissolved gas from the Netherlands.
” OMV has stated that it has actually sourced sufficient gas from somewhere else to cover its losses from Russia. However we still anticipate this will certainly aggravate a power situation in Austria that has actually created its gas need to go down considerably, and has actually struck its production market,” stated experts at Eurointelligence.
” Austria’s economic climate is presently embeded economic crisis. Germany is sneezing, and Austria is capturing the cold. However it is additionally because greater power expenses have kinky companies’ capacities to spend,” they included.
EU power commissioner Kadri Simson informed Reuters on the sidelines of a UN environment seminar in Azerbaijan that all EU nations obtaining gas through the Ukraine path have accessibility to various other supply resources that can load the void.
” We have actually been extremely clear that alternate supply is offered and there is no demand for the extension of Russian gas transiting through Ukraine to Europe,” Simson stated.
( Creating by Nina Chestney and Miranda Murray; coverage by Pavel Polityuk, Yuliia Dysa, Thomas Seythal and Vladimir Soldatkin, Kate Abnett; Editing And Enhancing by Louise Heavens and David Evans)
