Austria

In 1968, Austria became the first West European country to sign a natural gas purchasing contract with the USSR. Since then, the volume of Russian gas supplied to Austria increased tenfold and in 2017 amounted to 9.1 bcm. As of 1 January 2018, Austria has received around 213 bcm of Russian natural gas in total since the beginning of supplies.

For 50 years, Austria’s largest company, OMV AG, has been Gazprom Export’s main business partner on the national market. Supplies of Russian gas to the company started in 1968. Currently the purchaser of Russian gas is OMV Gas Marketing and Trading GmbH (a 100% subsidiary of OMV AG).

In 2018 Gazprom and OMV prolonged the gas supply contract, initially valid till 2028, to 2040. The parties also signed an amendment to the contract whereby gas delivery volumes to Austria are increased by 1 billion cubic meters per year beyond the contractual amount for the entire contract period.

Austria plays an important role in natural gas transportation, providing transit for around 30 bcm of Gazprom Group’s gas each year to Italy, France, Germany, Hungary, Slovenia and Croatia. Austrian underground storage facility Haidach also plays an important role to ensure reliable gas supplies in the region. Gazprom Export, the German WINGAS and the Austrian RAG jointly operate this facility.

Related sections:

Gas Transportation, Storage