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

Austrian integrated oil and gas company OMV announced on Nov. 13 that it had secured an arbitral award from the International Chamber of Commerce exceeding $243 million. This ruling relates to irregularities in German gas supplies provided by Gazprom.

Gazprom Export has announced that it will be halting gas supplies to Austria, following the latter's biggest state-owned fossil fuel company, OMV, winning an arbitral award against it. View on euronew

Russia's Gazprom has announced the suspension of gas deliveries to Austria, signaling a potential end to Russian gas flows to Europe. Austria, still reliant on Russian gas, faces energy crisis challenges.

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.

Russian gas supply to oil and gas company OMV in Austria is at risk of stopping before the end of the year due to an arbitration case against Gazprom, the company said.

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.

Austria's multinational gas company OMV announced on Friday that Gazprom would cut off the delivery after OMV said it would stop paying for its gas after winning an arbitration va

The Russian energy company Gazprom abruptly halted deliveries of natural gas to Austria on Saturday following a legal dispute over supply interruptions. The stoppage was confirmed to dpa by Austrian energy company OMV spokeswoman Sylvia Shin.