Russian Gas Flow to EU Stable Amid Dispute with OMV

Russian Gas to Europe Remains Stable Despite Dispute with OMV

Russian gas exports to Europe via Ukraine have remained steady, with Gazprom confirming it would send 42.4 million cubic meters of gas to the continent on Tuesday, the same volume as Monday. Despite recent tensions between Gazprom and Austria’s OMV, which led to a suspension of supplies to OMV on Saturday, gas flows to the wider European market have not been significantly disrupted.

Dispute with OMV and Impact on Austrian Gas Flow

The halt in supply to OMV came after the company threatened to seize some of Gazprom’s gas in compensation for a recent arbitration victory regarding a contractual dispute. Despite this, gas flows into Austria from Slovakia have increased by 6% compared to Monday, although they remain about 12% lower than before the suspension of supplies to OMV.

It remains unclear who is purchasing the gas that was originally allocated to OMV. Gas nominations to other regions, including the Czech Republic and Slovakia, have remained steady, with no major disruptions observed.

Continued Stability in Gas Flows

While the situation with OMV remains unresolved, the overall gas flow to Europe from Russia via Ukraine and Slovakia continues to function within normal parameters. Nominations for gas entering Slovakia from Ukraine and leaving Slovakia have shown little fluctuation, indicating that the broader European gas market is managing the ongoing dispute without major setbacks.