Austria sets new record for Russian gas imports in 2017

Austria sets new record for Russian gas imports in 2017

A meeting was held between Alexey Miller, Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the Executive Board of OMV, took place in St. Petersburg in Russia.

The meeting addressed the ongoing and future cooperation between the companies, including gas supplies. It was noted that back in early November Austria had beaten its record for Russian gas imports set in 2005 at 6.8 billion cubic meters. According to estimates, from January 1 through December 21, 2017, Gazprom delivered to Austria 8.25 billion cubic meters of gas, a rise of 2.4 billion cubic meters (40.7 per cent) against the same period of last year.

Attention was also given to the progress of the Nord Stream 2 project.

OMV is Gazprom’s main partner in Austria.

In 2016, Gazprom exported 6.1 billion cubic meters of gas to Austria, a 38 per cent increase from 2015 (4.4 billion cubic meters). On November 6, 2017, Russian gas deliveries to Austria since the start of the year reached the 2005 record of 6.8 billion cubic meters.

Nord Stream 2 is the construction project for a gas pipeline with the annual capacity of 55 billion cubic meters from Russia to Germany across the Baltic Sea.

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Obineme Ndubuisi Micheal, Technical | Creative and Senior News Writer, covering the entire value chain of the Energy Industry. Our publication covers the entire value chain of Renewable/Energy, Power, Mining, To get in touch, email: