OMV gets over $243 million in arbitral award

Russian Gas Supply to Europe Faces Disruption Risk, OMV Warns
(Bloomberg) -- OMV AG warned Russian natural gas supplies may be disrupted as the company intends to stop paying for imports from Gazprom PJSC to recoup damages it won in arbitration. European futures surged to the highest in a year. OMV doesn’t expect G ...
OMV gets over $243 mln in arbitral award for Gazprom's irregular German gas supplies
OMV has received an arbitral award of over 230 million euros ($243.06 million) from the International Chamber of Commerce (ICC) in connection with irregular German gas supplies from Gazprom , the Austrian oil and gas group said on Wednesday.
OMV to pursue Gazprom for awarded damages despite gas supply risk
Austrian energy player plans to enforce arbitration award from Russian company revenues for remaining exports to Europe
Gas in Europe is already over $ 500: the decline in Gazprom's supplies has become more real than ever
EADaily, November 14th, 2024. The price of gas in Europe exceeded $ 500 per thousand cubic meters. A new movement was given to her by news from Austria, where OMV announced the winning of compensation from Gazprom in arbitration and plans to receive it from payments that Austrians make for Russian gas on a monthly basis.
Russian gas supply could stop to Austria before year-end
VIENNA/LONDON, Nov 14 (Reuters) - Russian gas supply to oil and gas company OMV (OMVV.VI), opens new tab in Austria is at risk of stopping before the end of the year due to an arbitration case against Gazprom, the company said. Austria is one of the few ...
Gas prices in Europe rise sharply as Gazprom may cut off supplies to Austria
European gas futures jumped to their highest level in a year. This was due to fears that Gazprom may cut off supplies to Austria, Bloomberg reports. Futures on the TTF hub in the Netherlands rose by 3.
New state law offers more options to drivers with unpaid fees to OMV
The new law allows the OMV commissioner to take into account factors like the debtor’s income when determining payments, and it increases the time in which a debt is considered delinquent from 60 to ...
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OMV fees and fines recalled, reset to original amount
Until the end of the year, drivers with outstanding fees and fines owed to OMV can get payment plans and other options to pay them off.
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OMV Wins €230 Million Award From Gazprom on 2022 Gas Dispute
OMV AG said it has received an award for €230 million ($243 million) plus costs and interest from Gazprom PJSC related to ...
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Austrian OMV was awarded compensation from Gazprom: they do not rule out stopping supplies
Austrian OMV announced that it had won an arbitration claim from Gazprom Export in a dispute over the suspension of ...
Russia economy crisis intensifies as Kremlin energy row sends gas price surging
The Austrian energy company OMV has been in dispute with the Kremlin-owned Gazprom over disruptions to gas supplies in the ...
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Europe’s Natural Gas Prices Jump to 2024 High
Europe’s benchmark natural gas prices surged on Thursday to the highest since November 2023 as Austria’s OMV warned of a ...
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OMV wins over €230 million against Gazprom
An arbitration tribunal has awarded OMV 230 million euros in damages plus interest and costs in its dispute with the ...
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OMV Petrom's first large photovoltaic project execution begins
OMV petrom begins the execution of its first photovoltaic project, as the company awarded the EPPCC contract for the photovoltaic plant in Isalnita to an association of Romanian companies, according ...