Russia’s state-owned natural gas company Gazprom will cut off supplies to Austria’s OMV utility early on November 16, Austria’s chancellor said, adding that his country’s underground gas storage was full and that it had alternative, non-Russian supplies. The cutoff follows OMV’s announcement it would stop paying for Gazprom gas to its Austrian arm to offset a 230 million euro arbitration award it won over an earlier cutoff of gas to its German subsidiary. Chancellor Karl Nehammer said Austria has a secure supply of alternative fuel and that “no one will freeze.” “The supply is secure,” he said in a hastily called appearance on November 15.
Austria Says Russia's Gazprom Will Cut Off Natural Gas Supply This Weekend
Austrian Chancellor Karl Nehammer (file photo)