Europe's gas market surged 5% to a year-high after OMV's court win over Gazprom raised fears of potential gas supply disruptions this winter.
As gas prices hit over 45 per megawatt hour, the situation intensifies; OMV's plan to withhold payments could lead to an immediate halt in Gazprom supplies.
OMV's compensation of $243m from Gazprom raises the stakes, as the company considers withholding its next payment to recoup losses, making gas supply tight.
Tom Marzec-Manser highlighted that OMV's potential withholding of a €213m payment next week could prompt Gazprom to cut off gas supplies altogether.
Collection
[
|
...
]