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Europe’s Gas Flows Resume After Austrian Blast Rattled Markets

Baumgarten transit lines came onstream again before midnight
Transit pipelines to Italy, Hungary ‘100% operational’ again

Bloomberg business news — Pipeline Crack, Austria Explosion Roil Markets

By

Rob Verdonck and

Tommaso Ebhardt

December 13, 2017, 6:59 AM UTCUpdated onDecember 13, 2017, 7:39 AM UTC

Natural gas flows resumed overnight in Europe after an explosion at an Austrian hub threatened supplies already pinched by a closed pipeline in the North Sea and a cold snap across the continent.

Oil company OMV AG, which controls the Baumgarten gas hub, managed to divert international transit flows and restored supplies to Italy, Germany and Hungary before midnight, the hub’s managing director said on Wednesday.