Austria Sees ‘Massive Risk’ From Halt to Russian Gas Flows
- Economy continues to rely heavily on Gazprom fuel imports
- Austrian gas demand down 23% since Russia invaded Ukraine
Austria has maintained one of Europe’s oldest and deepest connections to Russian energy.
Source: BloombergThis article is for subscribers only.
Austria sees a “massive risk” from a sudden stoppage of Russian natural gas flows, which continue to feed the central European nation’s export-oriented heavy industries.
European fuel prices have soared after an incursion by Ukrainian troops near a key cross-border gas-transit point in Russia, prompting energy officials and traders to reassess the probability of a supply interruption.