Russia Halts Gas Supplies to Austria Starting Saturday
Austria secures alternative gas sources as Gazprom stops deliveries following arbitration ruling.
- Gazprom's decision to stop gas supplies to Austria follows a €230 million arbitration award to OMV over prior supply disruptions.
- Austria has prepared for this cutoff by securing alternative gas imports from Germany, Italy, and the Netherlands.
- Austrian Chancellor Karl Nehammer assures that the country's gas reserves are sufficient to prevent any heating shortages this winter.
- The decision is part of broader geopolitical tensions, with Austria maintaining its support for EU sanctions against Russia.
- The end of Russian gas supplies marks a significant shift, with Austria historically relying heavily on Russian energy since 1968.
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