Austria’s OMV Seizes Gazprom Gas Supply in Deliveries Dispute

Austria’s energy firm OMV has seized $241 million (230 million euros) of Gazprom natural gas deliveries for October as a means to recover the arbitration award, which prompted Gazprom to cut off supply, sources close to OMV and Gazprom have told Reuters. Earlier this month, OMV said that it had been awarded 230 million euros, plus interest and costs, in an arbitration case against Gazprom’s irregular German gas supplies and would take “the necessary next steps to enforce the arbitral award with immediate effect.” In...