OMV announced its decision to terminate the contract with “ Gazprom Export“ because of serious violations, including the suspension of natural gas supplies from November 16, 2024, reports BTA.
The contract with Gazprom
The contract between OMV and “Gazprom“ was concluded in 2006. valid until 2040 The suspension of supplies resulted in the immediate termination of the agreement.
Actions by OMV after the breach
The Austrian company said it had no choice but to terminate the contract with the Russian energy company after breaching the terms of the contract led to the suspension of natural gas supplies.