35. Material events after the reporting date

In November 2024, OMV was awarded compensation for damages during arbitral proceedings against Gazprom. OMV offset the receivable against liabilities from an existing gas supply contract. Gazprom’s reaction was to completely stop supplying gas to OMV.

All this is happening against the backdrop of the gas transit agreement between Russia and Ukraine, which expires at the end of 2024.

For its part, OMV has reiterated that it will be able to continue honouring contractually agreed gas supply commitments, even if Gazprom were to stop supplies.

In the mid-to-long term, it is expected that the Austrian gas market will charge additional fees as opposed to other European trading centres.