Tag #Omv

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dw.com

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Sep 21, 10:16

OMV Employee Exposed as Alleged Russian Spy

An OMV employee, a long-term worker at Austria's largest oil, gas, and chemical company, has been exposed as a suspected Russian spy who shared sensitive information with a Russian diplomat, prompting Austria to demand the diplomat's expulsion.

OMV Employee Exposed as Alleged Russian Spy

An OMV employee, a long-term worker at Austria's largest oil, gas, and chemical company, has been exposed as a suspected Russian spy who shared sensitive information with a Russian diplomat, prompting Austria to demand the diplomat's expulsion.

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Peace, Justice, and Strong Institutions

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What is the immediate impact of this alleged espionage on OMV and Austria?

OMV has fired the employee, who is now under criminal investigation. Austria has summoned Russia's chargé d'affaires, demanding the removal of diplomatic immunity for the suspected Russian spy. Failure to comply will result in the diplomat's expulsion.

forbes.com

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Jan 20, 04:08

Airbus and OMV Partner to Boost Sustainable Aviation Fuel Production

Airbus and OMV announced a partnership to increase sustainable aviation fuel (SAF) production and access, aiming to overcome high costs and supply constraints to meet the EU's ambitious 2050 target of 70% SAF usage.

Airbus and OMV Partner to Boost Sustainable Aviation Fuel Production

Airbus and OMV announced a partnership to increase sustainable aviation fuel (SAF) production and access, aiming to overcome high costs and supply constraints to meet the EU's ambitious 2050 target of 70% SAF usage.

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Climate Action

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How does the Airbus-OMV partnership aim to mitigate the high costs and supply chain issues associated with SAF?

The partnership addresses challenges in the SAF market: high costs (3-5 times conventional fuel), supply constraints, and demand uncertainty. By increasing production and promoting SAF, Airbus and OMV hope to stimulate investment in new production facilities and reduce costs.

welt.de

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May 21, 01:10

Austria Achieves Complete Energy Independence from Russian Gas

Austria's state-owned OMV successfully ended its reliance on Russian gas within three years, diversifying its sources and securing new LNG contracts, a move hailed as a model for Europe's energy independence while advocating for a future that includes even Russian gas once peace is established.

Austria Achieves Complete Energy Independence from Russian Gas

Austria's state-owned OMV successfully ended its reliance on Russian gas within three years, diversifying its sources and securing new LNG contracts, a move hailed as a model for Europe's energy independence while advocating for a future that includes even Russian gas once peace is established.

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Affordable and Clean Energy

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How did Austria achieve complete independence from Russian gas, and what are the immediate implications for its energy security and price stability?

Austria, heavily reliant on Russian gas, achieved complete independence within three years by diversifying its gas sources and securing new LNG contracts. This involved utilizing the EU's procurement platform and legally terminating contracts with Gazprom due to breaches. The transition was completed without significant price increases.

taz.de

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Dec 14, 19:08

OMV Terminates Gazprom Gas Contract Amidst Supply Halt and Court Ruling

Austria's OMV terminated its gas contract with Russia's Gazprom following Gazprom's November supply halt and a court ruling awarding OMV €230 million in damages; while Austria's gas supply will continue via the exchange until the end of 2024, the move signifies a shift away from reliance on Russian ...

OMV Terminates Gazprom Gas Contract Amidst Supply Halt and Court Ruling

Austria's OMV terminated its gas contract with Russia's Gazprom following Gazprom's November supply halt and a court ruling awarding OMV €230 million in damages; while Austria's gas supply will continue via the exchange until the end of 2024, the move signifies a shift away from reliance on Russian ...

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What factors contributed to OMV's delayed termination of the contract, and what role did Austria's government play in this situation?

The OMV-Gazprom contract termination highlights Austria's heavy reliance on Russian gas (80-90% in recent months), contrasting with other EU nations' quicker shifts away from Russian supplies. Despite the court ruling and Gazprom's supply cuts since 2022, OMV's delayed exit raises questions about its prior actions and Austria's perceived leniency towards Russia. The termination coincides with the impending end of the Ukraine-Russia gas transit contract in late 2024.

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