OMV successfully receives arbitral award in relation to its German …
1 day ago · OMV’s arbitration proceedings against Gazprom Export under ICC rules concluded with an award on November 13, 2024. OMV is taking steps to recover damages from Gazprom Export based on this arbitral award of EUR 230 mn plus interest and costs. The arbitral award will be set off with immediate effect against payments to be made by OMV to Gazprom ...
OMV gets over $243 mln in arbitral award for Gazprom's irregular …
1 day ago · OMV has received an arbitral award of over 230 million euros ($243.06 million) from the International Chamber of Commerce (ICC) in connection with irregular German gas supplies from Gazprom , the ...
OMV Says Russia May Cut Gas on Arbitration Win Over Gazprom
18 hours ago · OMV doesn’t expect Gazprom to pay the €230 million ($242 million) award, which could prompt the Kremlin-controlled company to halt supplies and may boost reliance on costly liquefied natural gas.
OMV Wins €230 Million Award From Gazprom on 2022 Gas Dispute
1 day ago · OMV AG said it has received an award for €230 million ($243 million) plus costs and interest from Gazprom PJSC related to gas deliveries in 2022, boosting profit and risking future procurements ...
OMV to pursue Gazprom for awarded damages despite gas …
11 hours ago · Published 5 minutes ago. Austria's OMV plans to take immediate action against Russian gas giant Gazprom after it received a €230 million ($244 million) arbitral award from the International ...
Austria Braces for End of Russian Gas Dependence After Gazprom …
12 hours ago · Austria is preparing for Moscow to turn off the taps that kept Russian gas flowing for more than a half century, as OMV AG enforces a ruling against Gazprom PJSC.. Russian gas has powered Austrian ...
OMV Says Russian Gas May Halt After Arbitration Win Over Gazprom
18 hours ago · Photographer: Oliver Bunic/Bloomberg Photo by Oliver Bunic / Bloomberg. (Bloomberg) — OMV AG warned Russian natural gas supplies may be curbed after it was awarded €230 million ($243 million) in an arbitration with Gazprom PJSC, boosting the Austrian firm’s profit while potentially ending procurement from the Kremlin-controlled company ...
Russian gas supply could stop to Austria before year-end
13 hours ago · VIENNA/LONDON, Nov 14 (Reuters) - Russian gas supply to oil and gas company OMV (OMVV.VI) in Austria is at risk of stopping before the end of the year due to an arbitration case against Gazprom ...
OMV gets over $243 million in arbitral award for Gazprom's …
1 day ago · OMV said the potentially affected volume of gas for the Austrian Virtual Trading Point, due to the award, is estimated at up to 7,400 megawatt per hour. "OMV confirms that it can deliver the full contracted volumes of gas to its customers in case of a potential supply disruption by Gazprom Export," the Vienna-based company said.
Austria's OMV wins arbitration award against Gazprom
18 hours ago · by: NGW. Austrian integrated energy company OMV said November 13 it had been awarded €230mn ($243mn) by an International Chamber of Commerce tribunal for damages related to Gazprom Export’s decision in September 2022 to cease natural gas exports to Germany under a contract with OMV. OMV Gas Marketing & …
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