Russia Stops Gas Flow to Austria in Payment Dispute

Russia’s Gazprom halted natural gas supplies to Austria on Saturday in a payment dispute, marking another reduction in Moscow’s dwindling energy ties with Europe nearly three years after the Ukraine invasion.

Austrian utility OMV said deliveries stopped at 6 a.m. (0500 GMT) after it moved to offset a 230 million euro ($242 million) arbitration award against Gazprom by withholding payments for current gas supplies.

Austria’s energy regulator E-Control said prices and supplies to Austrian customers remained steady. The country gets up to 98% of its gas from Russia as of December last year, according to Energy Minister Lenore Gewessler.

Selkirk Copper Mines — sponsored Sponsored · Selkirk Copper Mines

Gazprom maintained its daily flow of 42.4 million cubic meters to Europe via Ukraine, with Slovakia’s state-owned SPP reporting continued deliveries and increased purchases by other buyers.

The dispute comes as the Soviet-era Urengoy-Pomary-Uzhgorod pipeline through Ukraine, one of Russia’s last major gas routes to Europe, faces closure at year-end. Ukraine does not plan to extend the five-year transit agreement that supplies gas to Slovakia, the Czech Republic, and Austria.

Russia has lost most of its European gas market since 2022, when it cut supplies citing payment disputes — a move European leaders called energy blackmail over their support for Ukraine. The Nord Stream pipeline to Germany was later destroyed in explosions.

Austrian Chancellor Karl Nehammer sought to reassure the public about winter supplies, with OMV saying its storage is more than 90% full. Europe has increasingly turned to alternative suppliers, including US and Qatari liquefied natural gas.

Without Austria, significant Russian gas supplies to Europe will flow only to Hungary and Slovakia, with Hungary receiving deliveries via Turkey. Russian gas transit through Ukraine in 2023 has fallen to about 8% of peak flows in 2018-2019.


Information for this story was found via Reuters, AP News, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

A $2.2B Gold Project Is Outgrowing Its Plan | Michael Henrichsen – Gold X2 Mining

Pay for the Copper, Get the Gold Free | Rob McEwen – McEwen Inc

This Gold Discovery Was Already Huge. Now It’s Becoming a Monster. | Goliath Resources

Recommended

Homeland Nickel Signs Binding Offtake With Westwin for 20,000 Tonnes of Concentrate a Year

Golden Cariboo’s First Quesnelle Resource Estimate Tallies 1.19 Million Gold Equivalent Ounces

Related News

A Russian Network Paid EU Politicians To Spread Anti-Ukraine Propaganda

Authorities across multiple European countries have dismantled a Russian-backed disinformation network that allegedly paid politicians...

Saturday, March 30, 2024, 03:07:00 PM

US Microchip Company Nvidia Suffers Cyber Attack

US-based microchip company Nvidia (NASDAQ: NVDA) has reportedly suffered a cyber attack, with parts of...

Saturday, February 26, 2022, 11:11:00 AM

Sorry, Andrew Tate Is Not a Legitimate Military Target—Ukraine’s Drone Forces Explain

Ukraine's drone forces have struck 174 Russian air defense systems, signed deals with Saudi Arabia,...
Wednesday, June 10, 2026, 10:39:37 PM

Russian Military Personnel Payments Reach 7.5% Of Budget Expenditures Amid Ukraine Conflict

A recent analysis by the Re:Russia project reveals staggering figures related to Russian military expenditures....

Thursday, July 18, 2024, 12:57:00 PM

Ukraine’s 30-Day Truce Hangs In The Balance

Ukraine’s government has signaled a willingness to implement a 30-day ceasefire with Russia, contingent upon...

Wednesday, March 12, 2025, 11:31:00 AM