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A service for global professionals · Monday, October 15, 2018 · 465,149,650 Articles · 3+ Million Readers

Gazprom and OMV discuss gas supplies, Nord Stream 2, and cultural cooperation

Background

OMV AG is Gazprom’s main partner in Austria. The companies cooperate in gas production, transportation and supplies.

On June 5, 2018, an Agreement was signed to extend until 2040 the existing contract between Gazprom Export and OMV Gas Marketing & Trading GmbH for Russian gas supplies to Austria. The contract had been valid until 2028.

June 1, 2018, marked 50 years since the start of Russian gas supplies to Austria.

In 2017, Gazprom set a new record for gas exports to Austria at 9.1 billion cubic meters, a rise of 50.3 per cent (3 billion cubic meters) from 2016 (6.1 billion cubic meters) and 33.7 per cent (2.3 billion cubic meters) from 2005, when the previous record had been reached (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.

In 2016, Gazprom and OMV launched “Imperial Capitals: St. Petersburg – Vienna,” a joint cultural project uniting the art and history of Russia and Austria. As part of the “Old Masters from the Hermitage” exhibition, the State Hermitage Museum in St. Petersburg and the Kunsthistorisches Museum in Vienna selected 14 paintings by Rembrandt, van Dyck, Tintoretto, Botticelli and other great masters, pairing up the artworks based on their authorship, themes or compositional arrangements.

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