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The chief executive of Austrian energy group OMV has hinted that sale of its recently-acquired stake in the Nabucco pipeline could take place within weeks. "It is true that we are negotiating with someone. I can't name any names, but it might be announced in the coming weeks," Gerhard Roiss said...
OMV AG has confirmed that it has acquired RWE AG’s stake Nabucco gas pipeline project. The acquisition of the German utility’s 16.67 percent holding, doubles OMV position in the project to bring Caspian gas to Europe via the Southern Corridor. RWE confirmed the transaction was effective March 1.
Austria's OMV AG is forecasting an oversupply of natural gas in Europe for the next couple of years, according to Hans Peter Floren, Member of the Executive Board responsible for Gas & Power, OMV, who spoke at the European Gas Conference in Vienna, Austria. While Western Europe had more stagnant...
Czech-based Power Exchange Central Europe, or PXE, is to launch a spot market for trading natural gas this year. The venture will be established in cooperation with Austria's Central European Gas Hub (CEGH). The two partners announced they had signed a co-operation agreement to cover derivatives...
The main tasks of E-Control Austria, the regulator of the natural gas and electricity market in Austria, involve Austria's regulatory framework, the designing of the market regime, and regulating third party access conditions to gas and electricity infrastructure One main challenge in 2012, according...
The Government of Austria could become official seller of Angolan natural gas in European Union territory, under a partnership on the liquefied natural gas (LNG) project located in Soyo, northern Zaire province. Austria's ambassador to Angola, Martin Gartner, made the revelation in the African country's...
E.ON, the German utility, has entered into an asset swap with Austria's Verbund, in which it gains a half share in Turkish power company Enerjisa Enerji A.S. In a transaction valued at €1.5 billion, Verbund swaps its holdings in Enerjisa for full ownership of E.ON’s interest in eight run-of-river...
Energy ministers from countries involved in the construction of the Nabucco West gas pipeline—Turkey, Bulgaria, Romania, Hungary and Austria—and their counterpart from Azerbaijan, met in Vienna on 8 October to support the project politically. The aim of the pipeline is to supply Eastern and...
Energy group OMV of Austria saw profits rise during the third quarter of the year. Increased output helped improve performance of the exploration and production segment. Sales revenue for the quarter was up by 26% to €10.9 billion , compared to just under €8.7 bn for the same period in 2011.
The Shah Deniz II consortium is in "concrete" discussions with the Nabucco pipeline, Reuters has reported the Austrian energy minister as saying today. Speaking at a news conference today, Minister Reinhold Mitterlehner said that the partners in the Azeri gas field, which includes BP, SOCAR and...
