Saturday, November 16, 2024

Paying Gazprom

Gazprom Cuts Gas To Austria Off, Just In Time For Winter

Tyler Durden's Photo
BY TYLER DURDEN
SATURDAY, NOV 16, 2024 - 06:20 AM

Authored by Julianne Geiger via OilPrice.com,

Russia’s Gazprom PJSC has decided to play its favorite game: pipeline politics. 

Starting November 16, Austria is off the guest list for Russian natural gas, following a €230 million ($242 million) arbitration spat between Gazprom and Austria’s OMV AG. OMV, refusing to let that cash slip away, decided to withhold payments to Gazprom.


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