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!
Company Research
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 a range of , especially in wind and solar generation. The United States also helped to fill the energy gap, with of its LNG exports going to Europe in 2024. Other included the Bulgaria-Romania-Hungary-Austria (BRUA) pipeline to transmit non-Russian gas v
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- OMV (OTCMKTS:OMVKY) was downgraded by analysts at Zacks Research from a "strong-buy" rating to a "hold" rating.MarketBeat
- OMV (OTCMKTS:OMVKY) had its "underweight" rating reaffirmed by analysts at Barclays PLC.MarketBeat
- OMV (OTCMKTS:OMVKY) was downgraded by analysts at Berenberg Bank from a "strong-buy" rating to a "hold" rating.MarketBeat
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