OMV’s cooperation with Russia dates back to 1968, when it became the first European company to conclude a gas supply agreement with the former USSR. This decision triggered several similar agreements with Western European companies. The Soviet Union remained a supplier and new gas supply agreements were signed in 1974, 1975 and 1982. Decades of strong cooperation and secure supplies confirm that Gazprom and OMV have developed reliable and transparent partnership. In 2018 OMV extended these agreements with Russian Gazprom.
OMV has had a small representative office in Moscow since 1991. With the acquisition of Yuzhno Russkoye in 2017, OMV established an office in Saint Petersburg, which is responsible for all OMV activities in Russia.
Key facts and figures:
- Since 1968 more than 200 billion cubic meters of natural gas from Russia were transported to Austria
In 2017, OMV acquired a 24.99% share in the Yuzhno Russkoye natural gas field from Uniper SE. The acquisition is adding 100,000 boe/d to OMV's production. The Yuzhno Russkoye field is situated in Western Siberia. Current plateau production of the field amounts to 25 bn cubic meters* per year (100%). The gas from this modern and technically-advanced field is the key resource for the Nord Stream pipeline which supplies Germany directly with Russian gas. The Yuzhno Russkoye transaction was closed on December 1, 2017 with retroactive economic effect as of January 1, 2017.
*Under Russian standard conditions (200C / 1.013 bar)