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Vienna International Energy Industry News
Read the latest headlines about developments in the international energy industry in Vienna and Austria
IAEA Warns of Nuclear Accident at Ukraine's Zaporizhzhya Nuclear Power Plant
The IAEA is highly alarmed by conditions at the Russian-occupied Ukrainian nuclear power plant in Zaporizhzhya, where staff overload and central warning and alarm systems threaten human error that could trigger a nuclear accident. To secure Europe's largest nuclear power plant, immediate measures, including a safety zone around the plant, are to be introduced to prevent a disaster.
September 6, 2022
OPEC+ Decides on Slight Cut in Production
The alliance of oil exporting countries cuts production. Saudi Arabia and Russia are sending a clear signal to the West. With the cutback, the hopes of oil importers in Europe that they would at least be relieved of the burden of crude oil in the face of rapidly rising gas prices are fading.
September 5, 2022
IAEA Will Maintain a Continued Presence at Ukraine's Zaporizhzhya Nuclear Power Plant
Experts from the International Atomic Energy Agency (IAEA) began inspecting Ukraine's Zaporizhzhya nuclear power. As IAEA chief Rafael Grossi said on Twitter, some of his colleagues will stay at the power plant site for several days and establish a continued IAEA presence.
September 1, 2022
Austria's President Van der Bellen Brings in Experts on Energy and Climate Issues as Advisors
Ex-Verbund boss Wolfgang Anzengruber and Wifo economist Angela Köppl are volunteering their expertise to Austrian President Van der Bellen. According to the Federal President's Office, the war in Ukraine and inflation, as well as the slowly emerging energy crisis in Europe, call for expert advice on energy economics and climate issues.
August 31, 2022
Crisis Around Viennese Energy Supply Company "Wien Energie"
Austria's largest energy supplier urgently needs money to hedge forward transactions. Otherwise, the company would have to realize huge losses.
August 30, 2022
IAEA Finally Sends Assistance Mission to Zaporizhzhya Nuclear Power
After months of negotiations and back and forth, the IAEA Support and Assistance Mission to the Zaporizhzhya Nuclear Power Plant in Ukraine is finally setting off from Vienna. The mission itself is headed by International Atomic Energy Agency (IAEA) Director General Rafael Mariano Grossi and the Agency is proud of the diplomatic success.
August 29, 2022
Austrian Chancellor Nehammer Calls for EU-27 to Stand Together for European Electricity Price Cap
Given the sharp rise in energy prices, Austrian Chancellor Karl Nehammer is calling for a European electricity price cap to "finally" put a stop to "this madness that is currently taking place on the energy markets. According to Nehammer. this is only possible through a European solution.
August 29, 2022
ICARST 2022: Applying Radiation Science and Technology in Everyday Life
The International Conference on Radiation Science and Technology (ICARST) organized by the IAEA will be held this week in Vienna. Determining the presence of microplastics in environmental samples, removing pesticides from agricultural soil and studying how to grow tomatoes in outer space are all possible thanks to radiation techniques and will be discussed.
August 22, 2022
Vienna Increases Fees for Public Services
The City of Vienna increases the fees for water, sewage, waste disposal as well as the prices of parking tickets. The adjustment of tariffs for municipal services is made in Vienna based on the applicable valorization law.
August 18, 2022
Austria's Gas Storage Facilities Almost 60 Percent Full
As a result of the war in Ukraine, contingency plans are being put in place in Europe, as well as in Austria, to secure gas supplies. Gas storage facilities in Austria are 59.83 percent full. This means that a total of 57.2 terawatt hours (TWh) of natural gas is stored in domestic storage facilities.
August 17, 2022
New Dilemmas Around Zaporizhzya Nuclear Power Plant in Ukraine
The nuclear safety and security situation at Ukraine’s Zaporizhzya Nuclear Power Plant is getting more complicated since the shelling of the facility. The Director General of the International Atomic Energy Agency, Rafael Mariano Grossi, will brief the United Nations Security Council about the nuclear safety situation at Ukraine’s Zaporizhzya Nuclear Power Plant.
August 10, 2022
Virtual Economic Forum between Tunisia and Austria
A Virtual Economic Forum titled "Tunisia & Austria - Promoting Business & Investment Cooperation", was held online by the Tunisian Embassy in Vienna and the Austro-Arab Chamber of Commerce (AACC) in collaboration with the Tunisian Foreign Investment Promotion Agency (FIPA Tunisia).
August 7, 2022
Iran Nuclear Talks: Iran Can Build Nuclear Bomb, But Does Not Intend to Do So
Iran says it is technically capable of producing a nuclear bomb. But the country does not intend to do so, the semi-official Fars news agency quoted the head of Iran's Atomic Energy Agency, Mohammed Eslami.
August 1, 2022
Viktor Orbán Meets Austrian Chancellor for Controversial Talks in Vienna
Viktor Orban, the polarising Prime Minister of Hungary, met with Austrian Chancellor Karl Nehammer last week in Vienna. The two statesmen expressed friendship, but also disagreed on some issues.
August 1, 2022
OPEC Welcomes New Secretary General Haitham Al-Ghais
Haitham Al-Ghais of Kuwait has taken over the position of Secretary General of the Organization of Petroleum Exporting Countries (OPEC). He replaces Mohammed Barkindo, who died unexpectedly in July.
August 1, 2022
Earth Overshoot Day: World has Already Used Up Resources
The Earth's natural resources for this year will have been depleted by tomorrow. By tomorrow, ecosystems would need about a year to replenish their resources. According to the Global Footprint Network, which is based in the United States and Switzerland, Earth Overshoot Day is slightly earlier this year than last.
July 27, 2022
European Forum Alpbach Will be Opened by Moldovan President Maia Sandu
The Moldovan President, Maia Sandu, will attend the opening of this year's European Forum Alpbach (EFA) together with Federal President Alexander Van der Bellen on August 22. At the start of the event, they will jointly address the EFA's annual theme, The New Europe, and discuss what consequences, in light of Russia's Invasion of Ukraine, Europe must draw from its current weakness and its inaction in the past.
July 27, 2022
Austria Will Take Common Line with Germany on Gas Storage
Germany and Austria have joint responsibility for storing gas, according to Energy Minister Leonore Gewessler (Greens). "We have always coordinated well with Germany," the minister said today, referring to the Haidach storage facility near Salzburg, which is also important for Germany.
July 25, 2022
Austria Launches One of the Largest Hydrogen Projects in Europe
An ambitious hydrogen project is currently being undertaken by Austria in order to reduce the country's reliance on foreign energy suppliers in the future. Austria's largest electrolyser will be built in Burgenland in the future. This will contribute to Austria's energy independence by producing green hydrogen in a sustainable manner.
July 25, 2022
IAEA Expresses Concern About Zaporizhzya Nuclear Power Plant in Ukraine
The situation at the Zaporizhzhya Nuclear Power Plant (ZNPP) in the Russian-occupied zone of Ukraine is increasingly worrying, according to recent reports. In order to avoid an accident that could endanger the health of the Ukrainian and other public, Rafael Mariano Grossi, Director General of the International Atomic Energy Agency (IAEA), has advised the utmost caution.
July 25, 2022
New EU Gas Emergency Plan: "Must Prepare for the Worst Case"
Recently, the European Commission presented its new EU Gas Emergency Plan under the title "Save gas for a safe winter". In this, the European Commission assumes that consumers can save up to 15% gas. The Austrian Federal Economic Chamber is pleased with the Commission's plans.
July 22, 2022
Austrian Federal President: "We Must Not Allow Ourselves to Be Divided"
Austria's Federal President Alexander Van der Bellen addressed the current challenges and hardships in a gripping opening speech at the Bregenz Festival.
July 21, 2022
Austria has the Highest Share of Female Startups in the EU
The Federal Ministry of Labor and Economy (BMAW) had surveyed the financing situation of female startups for Austria and Europe and discussed it at a startup breakfast together with representatives of the startup community at the BMAW. At 36 percent, Austria currently has the highest proportion of female startups in the EU.
July 20, 2022
How the War in Ukraine Affects Austrian Businesses
Besides causing enormous humanitarian and political problems, the Russian invasion has also caused a chain reaction in the economy that has been felt worldwide. Austrian Institute of Economic Research (WIFO) published a survey that examines exactly these questions in order to determine how strongly Austrian companies feel the crisis impacts them and which sectors are most affected.
July 19, 2022
Visit of the Slovak Prime Minister to Vienna: Disagreement on Nuclear Technology Issues
Eduard Heger, the Prime Minister of the Slovak Republic, visited Vienna earlier this week. In his conversations with Austria's Chancellor Karl Nehammer, he emphasized the importance of Ukraine's victory over the Russian invader and discussed nuclear power differences between the two countries.
July 18, 2022
Germany and Austria Seek Stronger Cooperation on Energy Security
Germany and Austria, seeking closer cooperation between the two countries in the current energy crisis, signed a joint declaration this week to mitigate the looming energy crisis.
July 15, 2022
Austria's and Hungary's Foreign Ministers in Talks: "Western Balkan Enlargement is the Best Geopolitical Tool We Have"
During a recent visit to Vienna, the Hungarian Foreign Minister Péter Szijjártó met with the Austrian Foreign Minister Alexander Schallenberg. Apart from bilateral issues, the meeting focused on the Russian aggression in Ukraine and its effects on Central European neighbors and Western Balkans. The two foreign ministers also discussed European energy security.
July 15, 2022
Austrian Chancellor Visits Israel: "Possible Partner for Future Gas Purchases"
Austria's Chancellor travelled to Israel this week to meet with Israel's Prime Minister Yair Lapid. During his visit, the Chancellor expressed interest in Israel's weapons technology and future gas supplies. Besides signing a strategic partnership, Nehammer also visited the Holocaust memorial Yad Vashem.
July 13, 2022
Vienna Economic Council - How Vienna Deals With Current Economic Challenges
The Vienna Economic Council met this week to deal with the effects of the conflict in Ukraine. The aim was to make Vienna attractive as a business location and to manage emerging economic crises in the best possible way. Read on if you want to learn more!
July 7, 2022
OPEC Secretary General, Mohammad Barkindo Passed Away Unexpectedly
Last night, OPEC Secretary General Mohammed Sanusi Barkindo passed away unexpectedly at the age of 63. His Excellency Mohammed Sanusi Barkindo of Nigeria had been Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) for the past six years and was due to hand over to Haitham Al-Ghais of Kuwait in early August.
July 6, 2022
Why Germany and Austria Are More Dependent on China for Strategic Raw Materials than on Russian Gas
China has established global dominance over many of the strategic raw materials needed to be competitive in the economy of the future. Read how Austria, Germany, and others have arguably become more dependent on these materials from China than on Russian gas.
July 5, 2022
Austria as an International Leader in Research and Development Expenditures
Austria is one of the top performers in Europe in terms of expenditure on research and development. With a value of over 3% of GDP, Austria is thus one of the few countries to reach the EU's specified quota. Austria is also very successful in other areas on average in the EU. Read more in the following article!
July 4, 2022
What Austria Expects From the Czech Republic's EU Presidency
Czech Republic has taken over the Presidency of the Council of the EU, replacing France, which held the post in the first half of the year. Austria's neighbouring country takes over the presidency at a crucial time, capped by international conflicts and economic crises.
July 1, 2022
OPEC Releases Annual Flagship Publication in Vienna
This week, the Organisation of Petroleum Exporting Countries (OPEC) presented its Annual Statistical Bulletin (ASB) 2022. This report, which presents a large number of statistics and data on oil market developments in recent years, is the organisation's most important publication alongside the World Oil Outlook.
June 28, 2022
OPEC Secretary General Receives Special Award
The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Mohammad Sanusi Barkindo from Nigeria was today presented with the Silver Decoration of Honour with Sash of the Republic of Austria by Federal President Alexander Van der Bellen in recognition of his achievements during his two terms as Secretary General of OPEC.
June 24, 2022
Three Seas Initiative in Riga for Common Ground against Russia
The Three Seas Initiative met in Riga. Austria and eleven other Central Eastern European countries accepted Ukraine as a member of the Three Seas Initiative at the Presidential Summit in Riga. Austrian President Van der Bellen traveled to Riga and appealed for unity against Russia.
June 20, 2022
Austria Goes Back to Coal Power
The Mellach heating power plant in Styria, which is currently shut down, is to be converted so that electricity and heat can be generated there again from coal in an emergency. This was confirmed by Austria's Chancellor Nehammer.
June 20, 2022
UNIDO Strengthens Cooperation Between Italy, UN Agencies and Private Sector
United Nations Industrial Development Organization Chief Gerd Müller traveled to Italy. The aim of the trip was to intensify the cooperation with Italy. Müller met Italian diplomats, representatives of the business community and the United Nations in Rome and signed an agreement with the Italian energy company Eni.
June 19, 2022
Commission Vice-President Timmermans Visits Vienna: Cities as Engine for European "Green Deal"
Vice-President of the European Commission and Commissioner for Climate Action Frans Timmermans met Vienna's Mayor Michael Ludwig at a working meeting in Vienna today. The main topic of discussion was the importance of cities in the implementation of the European Green Deal and what measures Vienna is taking to achieve CO2 neutrality.
June 14, 2022
Austrian Chancellor Strengthening Partnership with Estonia
Austrian Federal Chancellor Karl Nehammer met the Estonian Prime Minister Kaja Kallas in Tallinn for working talks. The meeting focused on bilateral relations, digitization, the war in Ukraine and the energy transition of the European Union.
June 10, 2022
IAEA Prepares Visit to Zaporizhzya Nuclear Power Plant Despite Russian Occupation and Opposition from Kyiv
The International Atomic Energy Agency prepares a visit to the Zaporizhzhya nuclear power plant in the Russian-occupied zone of Ukraine. While this in itself is a difficult undertaking because of the Russian occupation forces, Kyiv's defensiveness added to this, complicating the IAEA's efforts to assess and ensure the nuclear safety of Europe's largest nuclear power plant.
June 9, 2022
EU Oil Embargo: Little Impact on Austria's Economy Expected
The planned EU embargo on Russian oil in response to the war of aggression in Ukraine will have far-reaching consequences for Europe. This is also the case for Austria. In a report, the Austrian National Bank examines the impact on the Austrian economy and forecasts comparatively mild effects. Nevertheless, the embargo conceals a number of risks that could also have a serious impact on Austria.
June 8, 2022
Austria Supports Women From Ukraine With Their Integration Into Austrian Working Life
The 100 Women - 100 Opportunities program supports Ukrainian women with their integration into the Austrian labor market. This New COMPASS Support Program was initiated by Austrian Federal Minister for Women, Family, Youth and Integration Susanne Raab, the Austrian Integration Fund, LEA and private businesses.
June 7, 2022
New Slovenian Government Received Austria's Foreign Minister as First Official International Guest
Slovenia's recently elected government this week received Austria's Foreign Minister Alexander Schallenberg as its first official international guest. This included talks with Slovenia's Foreign Minister Tanja Fajon and Prime Minister Robert Golob as well as President Borut Pahor on important European issues and the strengthening of already excellent relations.
June 7, 2022
OPEC Considers Possible Exclusion of Russia From Oil Production Agreement
OPEC countries are apparently considering the exclusion of non-OPEC member Russia from the concluded oil production agreement. According to a report in the Wall Street Journal, which cites statements from insider circles, other OPEC countries could step in to meet production targets following Russia's exclusion.
June 1, 2022
Dignitaries From Vienna in Davos: Recap of the World Economic Forum 2022
The World Economic Forum (WEF) took place and some dignitaries from Vienna attended the meeting in Davos. Read more about the World Economic Forum in Davos in the Recap.
May 31, 2022
Austria Against Gas Embargo
Austrian Chancellor Karl Nehammer and Austria are against a gas embargo and Chancellor Nehammer emphasized that a gas embargo will not be part of further sanctions.
May 31, 2022
The Austrian Development Bank's Efforts in Climate Protection and Energy Supply
The Austrian Development Bank recently published its latest Impact Report, disclosing the development effects achieved through its investments. The published report shows that the projects supported by OeEB saved more than 1.19 million tons of CO2 emissions and gave more than 297,000 micro, small and medium-sized enterprises access to one or more loans.
May 31, 2022
UN Symposium in Austria: How Space Technologies Can Mitigate Climate Change
The UN/Austria Symposium 2022 "Space for climate action: experiences and best practices in mitigating and adapting to climate change and supporting sustainability on Earth" will be held online September 13-15. The focus of the symposium will be on recent initiatives, experiences and best practices in mitigating and adapting to climate change and supporting sustainability on Earth, and in addition to raising awareness of the use of space technologies by Member States, will also highlight how the space sector is adapting to reduce its own impact on the climate crisis.
May 31, 2022
OPEC Holds Special Workshop on Climate Change: "Challenges and Opportunities for Energy-Exporting Developing Countries.”
The Vienna-based Organization of Petroleum Exporting Countries (OPEC) recently hosted the fifth Climate Change Technical Workshop under the theme "The first global stocktake under the Paris Agreement: challenges and opportunities for energy-exporting developing countries." OPEC hosted the event ahead of the 21st OPEC Climate Change Coordination Meeting, which will be held on May 31, 2022.
May 30, 2022
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