(Bloomberg) -- OMV AG warned Russian natural gas supplies may be disrupted as the company intends to stop paying for imports from Gazprom PJSC to recoup damages it won in arbitration. European futures surged to the highest in a year. OMV doesn’t expect G ...

OMV has received an arbitral award of over 230 million euros ($243.06 million) from the International Chamber of Commerce (ICC) in connection with irregular German gas supplies from Gazprom , the Austrian oil and gas group said on Wednesday.

Austrian energy player plans to enforce arbitration award from Russian company revenues for remaining exports to Europe

Austrian integrated energy company OMV said November 13 it had been awarded €230mn ($243mn) by an International Chamber of Commerce tribunal for damages related to Gazprom Export’s decision in September 2022 to cease natural gas exports to Germany under a contract with OMV.

VIENNA/LONDON, Nov 14 (Reuters) - Russian gas supply to oil and gas company OMV (OMVV.VI), opens new tab in Austria is at risk of stopping before the end of the year due to an arbitration case against Gazprom, the company said. Austria is one of the few ...

It is expected that there may be a deterioration of the contractual relationship" including a "potential halt of gas supply."