Austrian utility OMV says supplies from Russia’s state-owned natural gas company Gazprom stopped early Saturday after the company said it would stop payments for the gas following an arbitration award.

Austrian chancellor says Russia's Gazprom will cut off natural gas on Saturday, says country has alternative supplies

Austria's chancellor says Russia’s state-owned natural gas company Gazrom will cut off supplies early Saturday to Austrian utility OMV.

Austria's utility, OMV, will cease receiving gas from Russia's Gazprom following a 230 million-euro arbitration win. Austria's gas storage is full, ensuring citizens won't face shortages. The cutoff impacts Gazprom's annual revenue by about $2.

Austrian steelmaker Voestalpine said on Monday its natural gas supply is secure even if Russia's Gazprom stops deliveries to Austria altogether. Gazprom on Saturday halted supplies to Austrian energy

STORY: Russia's invasion of Ukraine roiled the energy supply network of Europe as EU nations outraged by the war looked to buy gas supplies elsewhere. But enduring European demand for cheap Russian gas was apparent after Russia's state energy firm Gazprom over the weekend halted fuel deliveries meant for Austria,

By Newsbase Russia’s Gazprom cut off its natural gas supply to Austria’s biggest oil and gas company OMV on November 16, the latter’s trading arm reported on the previous day, triggering a spike in European gas prices.