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2024/09/05 / Erste Group Research

Austria´s gas supply in transition

Russian gas and EU climate targets: two challenges for Austria's energy supply.

Natural gas: an indispensable energy source for a whole range of energy-intensive key industries and over 1.1 million households.

Russian gas supplies threaten to be cut off as of January 1, 2025.

Infrastructure capacities, gas storage facilities and alternative sources (OMV): no gas shortage expected. This should also have a positive effect on Austria's sovereign spread to Germany.
Outlook: Strong expansion of global LNG capacities with a growing role for natural gas as a bridging technology.

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General information

AuthorErste Group Research
Date2024/09/05
Languageen
Product nameCredit News
Topic in focusCredits/ Corporate bonds, Macro/ Fixed income
Economy in focusAustria
Currency in focusEuro
Sector in focus-
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