OMV CEO Stern: Independence from Russian Gas and Solid Business Development

PeopleExecutives ♦ Published: July 31, 2024; 23:12 ♦ (Vindobona)

The Austrian oil and gas group OMV has taken a significant step towards energy independence. CEO Alfred Stern declared at a press conference that OMV is no longer dependent on gas supplies from Russia. This announcement marks the end of a two-year strategic realignment aimed at diversifying gas sources and transportation routes.

According to OMV CEO Alfred Stern, the partly state-owned company is not dependent on Russian gas. / Picture: © OMV Aktiengesellschaft

According to OMV CEO Alfred Stern, the partly state-owned company is not dependent on Russian gas. “We have now been working for over two years to diversify our sources of gas and transport routes so that we are no longer dependent on these supplies from Gazprom,” Stern said, as reported by ORF.

OMV has…