• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 3 days Does Toyota Know Something That We Don’t?
  • 6 days OPINION: Putin’s Genocidal Myth A scholarly treatise on the thousands of years of Ukrainian history. RCW
  • 3 days World could get rid of Putin and Russia but nobody is bold enough
  • 2 days America should go after China but it should be done in a wise way.
  • 6 days CHINA Economy IMPLODING - Fastest Price Fall in 14 Years & Stock Market Crashes to 5 Year Low
  • 4 days China is using Chinese Names of Cities on their Border with Russia.
  • 6 days Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 5 days CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
  • 10 days huge-deposit-of-natural-hydrogen-gas-detected-deep-in-albanian-mine
  • 6 days Putin and Xi Bet on the Global South
  • 6 days "(Another) Putin Critic 'Falls' Out Of Window, Dies"
  • 7 days United States LNG Exports Reach Third Place
  • 7 days Biden's $2 trillion Plan for Insfrastructure and Jobs

Austria Looks to Cut Its Dependence on Russian Natural Gas

Austria, one of the few EU countries still receiving Russian natural gas by pipeline, is looking to reduce its dependence on Moscow, including by seeking to end a long-term deal that Austria-based energy giant OMV has with Gazprom, Austrian Energy Minister Leonore Gewessler said on Monday.

“Austria has become massively dependent on Russian gas in recent decades. Despite government efforts, the share of Russian natural gas in Austria’s gas import mix remains too high,” said Gewessler, who is part of the Green party, a coalition partner in the government.

In December 2023, the share of Russian gas in Austria’s imports was at 98% -- the highest since the beginning of the war in Ukraine, the minister said at a news conference and in comments posted on X.  

“Our goal is: Ditch Russian natural gas. As a sovereign country, we cannot accept this dependence - the share of gas imports from Russia is increasing instead of decreasing,” Gewessler said.

As the share of Russian natural gas is growing instead of declining, and if the market fails, “the state must intervene,” she added.

“We will develop proposals for a legal requirements of diversification,” Gewessler said.

In addition, all options for terminating the long-term supply contract between OMV and Gazprom should be reviewed, the minister said.

Gewessler also proposed gas importers be obliged to gradually raise the share of non-Russian gas they are selling in Austria.

The proposals would need a two-thirds majority in Parliament, and Gewessler appealed to lawmakers to “take the next step and act in the interests of Austria’s independence.”

Gewessler is a representative of the Greens, the coalition partner of the conservative People’s Party of Chancellor Karl Nehammer. It wasn’t clear to what extent the People’s Party was involved in the plans Gewessler announced.


It is not clear how far the proposals would go, either, as Austria is heading to a general election this year. The far-right Freedom Party is leading in polls.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:

Join the discussion | Back to homepage

Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News