Russia’s state-owned natural gas company Gazprom stopped supplies to Austria early on November 16, according to the Vienna-based utility OMV, after OMV said it would stop payments for the gas following an arbitration award. The official cutoff of supplies before dawn came after Austrian Chancellor Karl Nehammer held a hastily called news conference a day earlier to emphasize his country has a secure supply of alternative fuel for this winter. OMV said it would stop paying for Gazprom gas to its Austrian arm to offset a 230 million euro ($242 million) arbitration award it won from the International Chamber of Commerce over an earlier cutoff of gas to its German subsidiary.
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