Gazprom Faces More Claims After Austrian Utility Halts Payment
- Several more cases against Gazprom are pending in courts
- Gas is main asset of value that Gazprom still has in Europe
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The decision by an Austrian utility to stop paying for supplies from Gazprom PJSC may set a precedent for others to follow as Europe looks to cut its dependence on the Russian gas giant.
Gazprom responded by halting supplies to Austria’s OMV AG highlighting the serious consequences. Lawyers say the precedent could open the floodgates to similar action by other firms as pending cases move through international courts.