OMV secured additional gas pipeline capacities

OMV secured additional gas pipeline capacities

For the coming gas year – October 1, 2022 to September 30, 2023 – additional European transport capacities to Austria in the amount of 40 TWh have been secured, the group announced. This corresponds to almost half of Austria’s annual requirement and covers OMV’s delivery obligations in Austria. The own memory is almost 80 percent full.

The take-over points for the natural gas are the nodes Oberkappel in Upper Austria (pipeline from Germany) and Arnoldstein in Carinthia (pipeline from Italy).

“This is a decisive milestone in the diversification of the natural gas supply. Because it means that we can bring the gas we produce in Norway, but also purchased LNG quantities, to Austria if necessary and reliably supply our customers,” says OMV boss Alfred Stern on Thursday in a press release.

Significant progress is also being made in gas storage. “After we started storing natural gas very early in March and have continued to do so consistently over the past few months, OMV’s own storage facilities are already almost 80 percent full,” says Alfred Stern. According to the company, that is around 25 TWh.

Finance Minister Magnus Brunner (ÖVP) welcomes this securing of additional gas transport capacities “as an important step at the right time”. “As the federal government, we have been doing everything we can together with the responsible companies for months to increase the security of gas supplies and reduce dependence on Russia.” This is also supported by the Gas Diversification Act, which aims to promote alternative gas sources by the federal government.

Source: Nachrichten

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