Russian gas deliveries to Austria increase by 79.5 per cent since early 2017
A working meeting between Alexey Miller, Chairman of the Management Committee of Gazprom, and Rainer Seele, Chairman of the Executive Board of OMV, took place today at the St. Petersburg International Economic Forum 2017.
The meeting was focused on natural gas supplies from Russia to Austria. It was highlighted that, following last year’s increase of 38 per cent, Gazprom continued to boost its gas exports to the Austrian market. Specifically, from January through May 2017 Russian gas deliveries to Austria added 79.5 per cent compared to the same period of 2016.
The meeting participants stressed the strategic importance of the Nord Stream 2 gas pipeline in addressing the growing demand for Russian gas in Austria and other European countries.
OMV is Gazprom’s main partner in Austria. The companies cooperate in gas production, transportation and supplies.
In 2016, Gazprom exported 6.1 billion cubic meters of gas to Austria.
Nord Stream 2 is the construction project for a gas pipeline with the annual capacity of 55 billion cubic meters from Russia to Germany across the Baltic Sea. The project is implemented by Nord Stream 2 AG, where Gazprom is the sole shareholder. On April 24, 2017, Nord Stream 2 AG, ENGIE S.A., OMV AG, Royal Dutch Shell plc, Uniper SE, and Wintershall Holding GmbH signed the financing agreements for the Nord Stream 2 project.