Austria says Russia's Gazprom will cut off natural gas supply this weekend

Russia’s Gazprom will cut off gas supplies to Austria’s OMV utility due to a payment dispute, costing Gazprom $2.5 billion annually. Austria, with full gas storage and alternative supplies, will not be affected. The cutoff stems from OMV’s failure to pay for gas following an arbitration award, highlighting Austria’s heavy reliance on Russian energy and the ongoing geopolitical tensions in the region.

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