OMV gets over $243 million in arbitral award

OMV gets over $243 mln in arbitral award for Gazprom's irregular German gas supplies
OMV has received an arbitral award of over 230 million euros ($243.06 million) from the International Chamber of Commerce (ICC) in connection with irregular German gas supplies from Gazprom , the Austrian oil and gas group said on Wednesday.
OMV to pursue Gazprom for awarded damages despite gas supply risk
Austrian energy player plans to enforce arbitration award from Russian company revenues for remaining exports to Europe
Russian Gas Supply to Europe Faces Disruption Risk, OMV Warns
OMV AG warned Russian natural gas supplies may be curbed after it was awarded €230 million ($243 million) in an arbitration with Gazprom PJSC, boosting the Austrian firm’s profit while potentially ending procurement from the Kremlin-controlled company.
Russian gas supply could stop to Austria before year-end
VIENNA/LONDON, Nov 14 (Reuters) - Russian gas supply to oil and gas company OMV (OMVV.VI), opens new tab in Austria is at risk of stopping before the end of the year due to an arbitration case against Gazprom, the company said. Austria is one of the few ...
Gas prices in Europe rise sharply as Gazprom may cut off supplies to Austria
European gas futures jumped to their highest level in a year. This was due to fears that Gazprom may cut off supplies to Austria, Bloomberg reports. Futures on the TTF hub in the Netherlands rose by 3.
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Austria's OMV secures $243 million arbitral award for Gazprom's irregular German gas supplies
Austrian integrated oil and gas company OMV announced on Nov. 13 that it had secured an arbitral award from the International ...
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Austrian OMV was awarded compensation from Gazprom: they do not rule out stopping supplies
Austrian OMV announced that it had won an arbitration claim from Gazprom Export in a dispute over the suspension of ...
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OMV Wins €230 Million Award From Gazprom on 2022 Gas Dispute
OMV AG said it has received an award for €230 million ($243 million) plus costs and interest from Gazprom PJSC related to ...
Russia economy crisis intensifies as Kremlin energy row sends gas price surging
The Austrian energy company OMV has been in dispute with the Kremlin-owned Gazprom over disruptions to gas supplies in the ...
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Austrian energy group wins ICC award against Gazprom
Austrian energy group OMV says it has won €230 million in an ICC claim against Russia’s Gazprom over a contract to supply gas ...
Gas in Europe is already over $ 500: the decline in Gazprom's supplies has become more real than ever
EADaily, November 14th, 2024. The price of gas in Europe exceeded $ 500 per thousand cubic meters. A new movement was given ...
Kremlin energy row sends gas price surging
A row between a Kremlin-controlled energy giant and one of its European customers has sent the price of gas surging to its highest level in a year.