OMV to Receive Further Gas Discounts by Gazprom

BusinessCommodities ♦ Published: May 14, 2014; 21:37 ♦ (Vindobona)

As reported by Austrian daily “WirtschaftsBlatt” (Thursday issue), Austrian oil company OMV will soon sign a deal with Russian state-controlled Gazprom.

OMV has extended its agreement with Russian Gazprom. / Picture: © Wikimedia Commons / DanielZanetti [CC BY 3.0 (]

By this, OMV will be granted facilitations of gas trade, which has come under pressure.

Both OMV and Gazprom have not yet given an official statement. According to WirtschaftsBlatt, the agreement is supposed to be closed this summer and is only an interim solution. OMV received a discount on gas deliveries as part of the long-term contract between Gazprom and EconGas, OMV’s gas…