The flow of gas from Russia to Austria at the Baumgarten junction in Lower Austria continued on Sunday. “The gas flow today seems stable at the level that has been slightly lower since yesterday,” writes E-Control expert Leo Lehr on X.
On Saturday, more than ten to twenty percent less gas arrived than usual in previous months. After the supply stop on Saturday, OMV will no longer be supplied with gas from the Russian Gazprom.
Russian gas flows to Baumgarten
According to the daily management report of the Austrian Gas Network Management (AGGM), the “volume registrations of market participants for today again show only a slight import restriction in Baumgarten”. The flow to Austria is currently being reduced, but about the same amount flows via Ukraine to Slovakia as before, Lehr added to the APA.
“That means that the same gas will come via the Ukraine route as last week. But apparently some of it remains in Slovakia,” says Lehr. It is therefore obvious that Slovak market participants will take over part of OMV’s volumes.
The background to Gazprom’s gas supply stop to OMV is the ruling of an arbitration court, which awarded OMV damages of 230 million euros. OMV subsequently announced that it would stop payments to Gazprom to recover the million dollar reward.
Rising network costs will increase the price in 2025
According to experts, prices for consumers will not become noticeably more expensive in the coming months as a result of Gazprom’s move. However, due to the increase in network costs from 1 January 2025, costs for households are likely to rise.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
