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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
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Europe's Energy Dilemma Requiring Austria and Germany to Rethink in Wake of Russian Aggression

Due to the Russian aggression against Ukraine, Europe has to face new questions about energy policy, which had been known for many years but were largely ignored and deferred. The much-discussed gas embargo in recent weeks is to further intensify the sanctions against Russia and its economy. Read more about the current situation.
April 6, 2022
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Energy Supply: Liquefied Natural Gas from Qatar, Instead of Pipeline Gas from Russia

Chancellor Nehammer visited the United Arab Emirates (UAE) and Qatar with the intention of lessening Austria's dependency on Russian natural gas for energy. Read about the chancellor's visit and how liquefied natural gas could help solve this issue.
March 11, 2022


How Gazprom Helps the Kremlin to Manipulate Austria

The Russian government uses the majority state-owned energy corporation Gazprom to exploit Europe's dependency on Russian natural gas, and Austria is no exception. Read how the Kremlin uses Gazprom to influence Austria.
March 8, 2022
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Austria's Reaction to Putin's Disrespect for the Territorial Integrity and Sovereignty of Eastern Ukraine
Following President Putin's decision to recognize the independence of Luhansk and Donetsk in the Donbas region of Ukraine and to send "peacekeeping troops" to these areas, the Austrian government's Crisis Cabinet met to discuss how to respond. Read what Chancellor Nehammer said about the act of Russian aggression and what Austria will do.
February 22, 2022

Ukraine Crisis: Potential Impact of Russian Invasion on Ukrainian, Russian and EU Economies
The solution of the Russian aggression and violation of rights towards Ukraine, is of central importance for the world we want to live in. The Vienna Institute for International Economic Studies (WIIW) conducted a study on the potential economic impacts of a Russian invasion of Ukraine. Read their prediction for how an invasion would affect the economies of the EU, Russia, and Ukraine.
February 8, 2022 · Updated: February 11, 2022; 08:35
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Austria Promises Legal Action After EU Commission's Nuclear Energy Decision

Austria has vowed to take legal action against the European Commission after it decided to include nuclear energy and natural gas as sustainable investments under the EU Taxonomy Regulation. Read what the Austrian president, chancellor, and climate minister said about this decision.
February 3, 2022

Austria's Position on the Russia-Ukraine Conflict
Despite ongoing diplomatic efforts, tensions between Russia and Ukraine remain high as Russia still has thousands of troops stationed on the Ukrainian border. Read Austria's position on the issue.
January 22, 2022


Joint Statement by Greece and Austria

Greek Prime Minister Mitsotakis and Austrian Chancellor Kurz have issued a joint statement that deals with European refugee policy and the ongoing dispute with Turkey over the natural gas deposit in the Mediterranean.
September 9, 2020
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Schallenberg: "The EU Has Reached a Turning Point in the Relations With Turkey"

Austria's Foreign Minister Schallenberg explains the current relationship between the European Union and Turkey. The recent developments in the easter Mediterranean are testing the relation once again.
September 1, 2020


Bulgaria: South Stream Offers 6,000 New Jobs

South Stream Bulgaria´s CEO Georgi Gegov stresses the economic effect of the new gas pipeline from Russia to Western Europe.
July 18, 2013
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Spanish and Polish Prime Minister Support EU-US Free Trade Agreement

On the occasion of a state visit in Madrid, Poland´s Prime Minister Donald Tusk declared that the free trade agreement between the U.S. and the EU would be a driver for economic growth. The EU must strengthen its energy strategy, Tusk said.
July 16, 2013


OMV: Major Gas Discovery in Australia

Successful appraisal of the Zola gas discovery offshore Australia.
July 16, 2013


Ukraine: Deal With IMF to be Cut in Summer

The visit of IMF mission to Kyiv did not bring the immediate results. Raiffeisen Research expects the negotiations to be rather prolonged.
February 20, 2013
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Nabucco Pipeline Is Taking Shape Slowly

The natural gas pipeline commences Front End Engineering and Design services for Nabucco West project.
January 28, 2013


Bayerngas Leaves Nabucco

The German natural gas company does not want to join the pipeline project.
January 28, 2013
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Nabucco: Decision Will Be Announced by Mid-2013

The Shah Deniz II consortium will announce its decision on the pipeline project in June, Nabucco´s CEO Reinhard Mitschek says.
January 21, 2013


Strong Political Support for Nabucco

Nabucco countries acknowledge the ministerial declaration extending legal and regulatory framework to Nabucco West.
January 19, 2013


Serbia: Dinkic Underlines Importance of South Stream Pipeline

The South Stream pipeline is a “national project” and of vital interest for Serbia, Minister of Economics Mladjan Dinkic says.
January 19, 2013
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Croatia Finds Compromise with Gazprom

Croatia will be connected with the South Stream pipeline. The construction costs will total € 60m.
January 17, 2013


Shah Deniz Consortium to Enter Nabucco Project

Today, the Nabucco´s shareholders and the Shah Deniz Consortium agreed on a joint declaration.
January 10, 2013
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OMV: Final Investment Decision for Aasta Hansteen Gas Field

World’s largest floating spar platform in the Northern Norwegian Sea: Final investment decision taken to develop the promising Aasta Hansteen gas field including new pipeline infrastructure.
January 9, 2013


New Hope for Nabucco

The gas pipeline project is said to get a new major shareholder. In case of the entry of the Shah Deniz II consortium, Nabucco´s utilization would be secured.
December 22, 2012


Nabucco: Official Approval in Bulgaria

Bulgarian Ministry approves Nabucco National Environmental Impact Assessment Report.
December 22, 2012
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OMV Focuses on Black Sea and North Sea

By 2020, the Austrian oil and gas group will ship natural gas from the Black Sea to Austria. Investments in the North Sea region are being fostered.
November 24, 2012


OMV Underlines Necessity of Shale Gas Production

The Austrian oil and gas group stresses that shale gas may reduce the dependency on Russian natural gas.
November 20, 2012
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Croatia Does not Participate in South Stream Pipeline

The Russian gas pipeline South Stream will not run across Croatia. Initially, Croatia was viewed as transit country.
November 5, 2012


South Stream Pipeline: Gazprom Concludes Contract with Hungary

The Russian energy group Gazprom has negotiated the last conditions of the contract with Serbia and Hungary.
November 2, 2012


„Nabucco Is not Dead at All“

The EU-Commissioner of Energy Günther Oettinger is optimistic that Nabucco will be successful. According to Austria´s Minister of Economics Reinhold Mitterlehner, the prospects of success are “50+”.
October 9, 2012
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„Austria Does Not Need Shale Gas“

Gerhard Roiss, CEO of Austrian OMV, thinks that renouncing on shale gas will be expensive.
October 1, 2012


OMV Considers Joining Tanap

The Austrian oil and gas company intends to invest up to $ 7.0bn in the Turkish-Azeri project.
September 25, 2012


Total, OMV and Repsol pay € 48m for Test Drillings in Bulgaria´s Black Sea

Bulgaria wants to reduce its dependence on Russian energy. The consortium has paid € 48m to Bulgaria.
September 22, 2012


OMV Gives Up Fracking Plans

The Austrian oil and gas company announced that there will be no shale gas production in Austria.
September 17, 2012


OMV Sells 15% Stake in CEGH to Slovak Eurstream

The Austrian oil company reduced its share in Central European Gas Hub from 80% to 65%.
September 14, 2012
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OMV and Total Start Gas Drillings in Bulgaria´s Black Sea

Bulgaria wants to reduce its dependence on Russian energy. Together with the French Total Group and the Spanish Repsol Group, Austrian OMV begins test gas drillings in the Bulgarian Black Sea.
September 1, 2012


Croatia Said to Become Part of South Stream Pipeline

Good news for Croatia: Gazprom and Plinacro are said to have agreed on a natural gas pipeline across Croatia. The pipeline may enhance employment and reduce natural gas costs.
August 27, 2012


South Stream Pipeline May Run Across Croatia

Instead of Hungary, the pipeline project South Stream may pass through Croatia. Gazprom currently negotiates with the Croatian operator Plinacro.
August 20, 2012


OMV Starts Gas Drillings in Ukraine

Together with the U.S. oils group ExxonMobil, the Dutch-British Shell Group, and the Ukrainian Nadra Ukrayny, OMV´s subsidiary Petrom starts natural gas drillings in the Ukrainian Black Sea region.
August 17, 2012


OMV to Focus on Gas Business

The Austrian oil and gas company intends to exploit natural gas in proximity to Europe. The Black Sea and the North Sea are the strategically most important areas.
August 8, 2012
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New Hope for Nabucco West

The Aseri Minister of Energy Natik Aliyev thinks that Nabucco West would be better than the rival project TAP.
July 27, 2012


Roiss Claims Energy Strategy

Gerhard Roiss, CEO of the Austrian energy company OMV, warns of a withdrawal of the energy-intensive industry tot he U.S.
July 26, 2012


OMV Resumes Production Works in Yemen

The Austrian oil and gas group may get oil from Yemen soon. In Bulgaria, OMV participates in exploitation works.
July 17, 2012


Vienna Stock Exchange: New Trading System for Gas Exchange

Trayport ETS: New trading system on CEGH Gas Exchange of the Vienna Stock Exchange.
July 6, 2012


Austrian Environmental Minister Against Fracking

Nikolaus Berlakovich thinks that shale gas is no alternative. Fracking would be „extremely environmentally harmful“.
July 3, 2012


Austria’s Most Powerful Power Plant Inaugurated

New combined cycle gas turbine plant saves up to two million tons of CO2 annually, the Austrian energy provider Verbund says. The company expects lower results in the first half of 2012.
June 22, 2012


Nabucco „Not Essential“ for EU

For the EU Commissioner Günther Oettinger, it is not important which pipeline ships natural gas to Europe.
June 22, 2012


Intensive Talks between OMV and Romanian Government

The Romanian Prime Minister Victor Ponta initiated talks with the Austrian oil and gas group OMV. Romania wants to control fuel prices in future.
June 19, 2012


Nabucco: EU Commission is in Doubt

The Commission of the European Union emphasizes that Nabucco is still an option. Nevertheless, there would be cheaper options.
June 18, 2012


„Nabucco Will Die A Hundred Times“

OMV´s CEO Gerhard Roiss promotes the new „Nabucco West“ project and underlines the high probability of success.
June 14, 2012


Austrian E-Control Supports Shale Gas Exploitation

Walter Boltz, CEO of the Austrian energy market regulator, thinks that Europe would benefit from the shale gas exploitation.
June 13, 2012