Austria Braces for End of Six Decades of Russian Gas Dependence [Yahoo! Finance]
ENI S.p.A. (E)
US:NYSE Investor Relations:
eni.com/en_it/investors.page
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Source: Yahoo! Finance
Most Read from Bloomberg Under Trump, Prepare for New US Transportation Priorities Zimbabwe City of 700,000 at Risk of Running Dry by Year-End Saudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency Sace The Urban-Rural Divide Over Highway Expansion and Emissions Russian gas has powered Austrian industry and homes for some 56 years, but the energy crisis that ensued when Moscow cut supplies to Europe meant “there was too much risk and too much uncertainty” connected with OMV's long-term contract with Gazprom, Chief Executive Officer Alfred Stern said Thursday in an interview. “We can no longer rely exclusively on Gazprom,” he said. OMV's 59-year-old CEO said that while his company is ready to comply with its contractual obligations to Gazprom, there's a growing probability that Russia will cut flows once Austria enforces its €230 million ($242 million) arbitration claim by witholding payments for gas. “It's known to Gazprom now that this is what we w
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- 12/11/24 - Form 6-K
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