OMV, Gazprom Extend Austria Natural Gas Supply Contract Until 2040
June 05 2018 - 12:32PM
Dow Jones News
By Alberto Delclaux
Austrian oil-and-gas company OMV AG (OMV.VI) said Tuesday that
it extended an Austrian natural-gas supply contract with Gazprom
PJSC (GAZP.RS) until 2040.
The existing gas-supply contract would have run until 2028, OMV
said.
"By 2030 the European Union will have to import more than 80% of
its demand for natural gas," said OMV Chief Executive Rainer
Seele.
"With the extension of the gas-supply contract, we are making an
important contribution to the supply for Austria as well as for
other European countries in the light of increasing demand," he
said.
Write to Alberto Delclaux at alberto.delclaux@dowjones.com
(END) Dow Jones Newswires
June 05, 2018 12:17 ET (16:17 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
PJSC Gazprom (PK) (USOTC:OGZPY)
Historical Stock Chart
From Mar 2024 to Apr 2024
PJSC Gazprom (PK) (USOTC:OGZPY)
Historical Stock Chart
From Apr 2023 to Apr 2024
