Europe's Search For Gas Leads To Romania [Forbes]

OMV AG BEARER SHS S/ADR (OMVKY)
NASDAQ:AMEX Investor Relations:
omvpetrom.com/portal/01/petromcom/petromcom/omv_petrom/investor_relations/omv-petrom-shares-gdrs/shareholding-and-stock-listing-history/!ut/p/b0/04_sj9cpykssy0xplmnmz0vmafgjzoin_e0tar0cny1cddw9pxw93hwndsbapzg1t78g21erac3xr1e!
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Source: Forbes
OMV Over three years after Russia invaded Ukraine, some European countries were . While the war in Ukraine compelled most of the European Union to diversify its energy imports and from Moscow, certain countries, whether motivated by domestic politics or geography, such as Slovakia, Austria, and Hungary, continued buying. In January 2025, Ukraine stopped allowing the transit of Russian gas to the EU via the pipeline (also known as the Brotherhood pipeline) after its contract expired. This has pushed Europe to continue decoupling from Gazprom. According to the Council of the European Union, imports of Russian gas from 40% of European consumption in 2021 to 8% in 2023. To offset the loss of Russian gas, the EU LNG imports and funded
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News
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- Europe Gas Plunges After Putin Says US Deal May Revive Flows [Yahoo! Finance]Yahoo! Finance