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Austrian OMV, Gazprom to hold consultations on South Stream

December 05, 2014, 14:08 UTC+3 VIENNA
The OMV company is Gazprom’s key partner in Austria
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© AP Photo/Marko Drobnjakovic

VIENNA, December 5. /TASS/. Austria’s OMV oil and gas company said on Friday it continued consultations with Russia’s gas giant Gazprom on the South Stream project.

“We’re in a dialogue with Gazprom,” the company’s press service said.

Earlier, OMV CEO Gerhard Roiss said Gazprom had not held consultations with OMV before Russia announced suspending the construction of the South Stream pipeline.

Roiss said he expected Gazprom to hold talks on South Stream.

The South Stream project with the price of €15.5 billion was designed to supply 67 billion cubic meters of gas every year. Austria expected first gas to run by South Stream in late 2016. The OMV company is Gazprom’s key partner in Austria over 40 years. In 2013 Gazprom supplied 5.23 billion cubic meters of gas to OMV.

Infographics Russian gas supplies to Europe: existing routes Russian gas supplies to Europe: existing routes

THE MAIN EXPORT ROUTES OF RUSSIA’S NATURAL GAS SUPPLIES TO EUROPE. Infographics by TASS

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