Russian gas exports via Ukraine to Europe stable despite Austria cuts [Yahoo! Finance]
OMV AG BEARER SHS S/ADR (OMVKY)
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Source: Yahoo! Finance
volume as on Friday, despite expectations of gas supplies cuts to Austria over a contractual dispute. Russian Interfax news agency cited data from European gas pipeline operators as saying that gas exports from Russia via Ukraine were stable, while Austrian company OMV was not among the gas recipients. It said OMV usually accounted for around 40% of Russian gas flows via Ukraine, or some 17 mcm per day. It was not immediately clear if the flows have been redirected. Russia told Austria on Friday it would suspend gas deliveries via Ukraine starting from 0500 GMT on Saturday, in a development signalling an end to Moscow's last gas flows to Europe. Russia's current five-year agreement with Ukraine expires in the end of this year, and Kyiv has repeatedly said it is not willing to extend it amid the ongoing military conflict. Moscow's suspension of gas for Austria, the main recipient of gas via Ukraine, means Russia will now only supply significant gas volumes to Hungary and Slov
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