Russian Gas Glut Shows Austria Still in Kremlin’s Energy Orbit
- Ukraine transit agreement ending next year will force changes
- Pipeline expansion for higher LNG imports has barely begun
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Austria is overflowing with Russian natural gas, allowing the longtime customer of Gazprom PJSC to boost sales to its neighbors while delaying efforts to pivot from Kremlin-controlled energy.
The central European nation has been a hub for Russian flows for more than a half-century, with storage depots and pipelines historically configured to forward fuel to Hungary, Germany, Italy and Slovenia. State-owned OMV AG has a lengthy contract with Gazprom that obliges it to buy gas reaching the border.