OMV has secured 40 TWh of additional European transport capacities to Austria for the coming gas year (October 1, 2022 – September 30, 2023). This corresponds to almost half of Austria’s annual demand and covers OMV’s delivery obligations in Austria. The transfer 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 diversifying natural gas supply. Because it will enable us to bring the gas to Austria – which we produce ourselves in Norway, as well as LNG volumes we have purchased – when needed and ensure reliable supply for our customers,” said Alfred Stern, Chairman of the Executive Board and CEO of OMV AG.

Considerable progress has also been made with natural gas storage. “Since 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% full,” said Alfred Stern.

The storage volumes act as a reserve, thereby representing an essential supply factor that guarantees reliable supply to customers.

About OMV Aktiengesellschaft

With Group sales revenues of EUR 36 bn and a workforce of around 22,400 employees in 2021, OMV is amongst Austria’s largest listed industrial companies.
In Chemicals & Materials, OMV through its subsidiary Borealis, is one of the world’s leading providers of advanced and circular polyolefin solutions and a European market leader in base chemicals, fertilizers, and plastics recycling. Together with its two major joint ventures – Borouge (with ADNOC, in the UAE and Singapore) and Baystar™ (with TotalEnergies, in the USA) – Borealis supplies products and services to customers across the globe. OMV’s Refining & Marketing business produces and markets fuels as well as feedstock for the chemical industry, operates three refineries in Europe, and holds a 15% stake in a refining joint venture in the UAE.

OMV operates around 2,100 filling stations in ten European countries. In addition, the activities include Gas & Power Eastern Europe where it also operates a gas-fired power plant in Romania. In Exploration & Production, OMV explores and produces oil and gas in the four core regions of Central and Eastern Europe, Middle East and Africa, North Sea, and Asia-Pacific.

Average daily production in 2021 included production from a joint venture in Russia and amounted to 486,000 boe/d with a focus on natural gas (~60%). As of March 1, 2022, Russian entities are no longer consolidated. Its activities include Gas Marketing Western Europe, where it also operates gas storage facilities in Austria and Germany.