OMV secures additional gas pipeline capacities until 2029

• Additional 29 TWh of gas pipeline capacities for the period 2026 to 2029 
• OMV plans to increase use of pipeline from Germany for gas imports

OMV today announced another milestone in its ongoing diversification of gas supply sources and supply routes. In this year’s auction for European natural gas transport capacities, OMV was awarded additional transport rights for 29 TWh into Austria until 2029. OMV acquired 7 TWh per year natural gas transport rights for the period between October 2026 to September 2028. Furthermore, OMV acquired 15 TWh transport rights for the period between October 2028 to September 2029. This positions OMV to take on additional piped gas volumes from Germany at the cross-border transfer point Oberkappel in Upper Austria. 

“OMV continues to pursue the strategy of diversifying its gas supply sources and supply routes,” said Berislav Gašo, Executive Vice President Energy and Member of the Executive Board at OMV. “The security of supply for our customers is our top priority. We can reliably supply our Austrian and international customers – even if gas supplies from Russia were to be disrupted. To this end, OMV has successfully implemented various measures. We are expanding our portfolio by increasingly using gas from our own production, external sources from Norway, and additional LNG volumes.”  

Another element in securing gas supplies is the storage of natural gas in OMV’s own facilities. The current storage level is at around 80 percent in OMV’s storage facilities in Austria. These volumes are an important reserve for ensuring reliable supply to its customers. 

OMV at a glance

At OMV, we are re-inventing essentials for sustainable living. OMV is transitioning to become an integrated sustainable chemicals, fuels and energy company with a focus on circular economy solutions. By gradually switching over to low-carbon businesses, OMV is striving to achieve net zero by latest 2050. The company achieved revenues of EUR 39 billion in 2023 with a diverse and talented workforce of around 20,600 employees worldwide. OMV shares are traded on the Vienna Stock Exchange (OMV) and as American Depository Receipts (OMVKY) in the U.S. Further information at www.omv.com.