Russia suspended gas deliveries to Austria on Saturday as OMV threatened to seize some of the Russian state company's gas as compensation over a contract dispute.
Russian gas exports to Europe via Ukraine – the main transit route to the European Union – were stable on Monday, according to Kremlin-controlled energy company Gazprom, despite the interruption of gas deliveries to the Austrian company OMV.
Russia suspended gas deliveries to Austria on Saturday as OMV threatened to seize some of the Russian state company's gas as compensation over a contract dispute. Gazprom said it would send 42.4 million cubic meters of gas to Europe via Ukraine on Monday, the same volume as on Sunday.
A risk of stopping delivery to Europe from Ukraine on January 1st
Russia, which was Europe's main gas supplier before Ukraine's invasion, has lost most of its buyers on the continent. Austria received 17 million m3 of gas per day before the interruption of deliveries but these volumes quickly found new buyers in Europe, companies and sources said.
Russian gas is still sold in significant quantities to Slovakia and Hungary, as well as the Czech Republic, which does not have a direct contract. Smaller volumes are intended for Italy and Serbia. The delivery of Russian gas to Europe through Ukraine could stop on January 1, 2025, with Kyiv refusing to renegotiate the agreement concluded for five years.
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