Energy - Oil & Gas

EU Commission Blocks OMV’s Deal with Gazprom

Published: June 20, 2011; 19:15 · (Vindobona)

The Austrian oil and gas company does not get its desired Russian partner as the EU Commission has rejected a share transaction between the two companies.

EU Commission Blocks OMV’s Deal with Gazprom / Picture: © Vindobona.org

The EU Commission has blocked the acquisition of shares in the Central European gas hub by the Russian Gazprom group. The plant in the village of Baumgarten at the border to Slovakia is one of the three largest gas hubs in Europe.

The Russian energy company has made no secret of its interest in acquiring a stake in the hub. “We are aware that the liquidity of this hub depends…

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EU Commission Blocks OMV’s Deal with Gazprom

The Austrian oil and gas company does not get its desired Russian partner as the EU Commission has rejected a share transaction between the two companies.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.