OMV Gives In: No Fracking in Austria

BusinessCommodities ♦ Published: March 5, 2012; 16:24 ♦ (Vindobona)

The Austrian oil and gas company OMV reacts to the citizen´s protests and gives up its natural gas exploration plans in Northern Austria.

OMV Gives In: No Fracking in Austria / Picture: ©

The planned shale gas production in Northern Lower Austria is abandoned. OMV will not file for natural gas production “for the time being”. The company assured to be willing to take citizen´s concerns into consideration.

After OMV found large shale gas resources in November last year, massive protests occurred. The shale gas could have secured gas provision for the next 30…