OMV has been a long-standing importer of Russian gas and a participant in a joint venture with Gazprom and Germany’s Wintershall Dea for developing the Yuzhno-Russkoye gas field in the Yamalo-Nenets Autonomous Okrug under Severneftegazprom.

Austria's OMV said on Wednesday it had terminated its long-term gas supply contract with Gazprom after the Russian firm stopped deliveries last month amid a row that has been highly politicized due to the war in Ukraine.

The termination of this contract significantly reduces the risk exposure of OMV Gas Marketing & Trading (OGMT).

The Austrian oil and gas company OMV has announced the termination of a natural gas supply contract with the russian Gazprom. The contract was concluded in

OMV continues to implement diversification strategy for gas supply sources and additional pipeline capacities, OMV head says - Anadolu Agency

The Austrian energy company OMV said on Wednesday that it has terminated its long-term gas supply contract with Russia's Gazprom, effective immediately, due to "several fundamental breaches of contract.

Russian gas exports to Europe through Ukraine remained stable despite Vienna-based OMV's contract termination with Russia's Gazprom due to a contractual dispute. Austria's reliance on Russian gas has come under scrutiny,

Austrian oil and gas firm OMV said on Wednesday it had ended its long-term contract with Russian energy giant Gazprom after the latter ceased supplying