Austria exported more energy than it consumed for the first time in two decades. stable natural gas flows from Russia and lower electricity consumption gave a boost to state-owned companies.
Data underscores the uneven impact of the energy crisis triggered by Russia's invasion of Ukraine. OMV reported on Thursday that Russia has delivered all agreed volumes of gas under a long-term contract with Gazprom that runs until 2040. Electricity consumption fell 5.3 percent, although cheap hydropower generation rose by more than a fifth compared to the previous year.