Monday, January 29, 2018
VIENNA, Jan 29 (Reuters) – OMV is ramping up its geological survey work in Austria with a view to increasing its market share, which currently stands at around 10 percent, it said on Monday.
The geological surveys cover an area of 600 square km north-east of Vienna at a depth of 4,000 to 6,000 metres, OMV said.
OMV in recent years has expanded into Russian gas fields and it is also one of five Western energy companies involved in Gazprom’s Nord Stream 2 pipeline.
OMV is a majority shareholder in Gas Connect Austria, operator of Austria’s Baumgarten gas hub which handles around a third of the Russian gas pumped into Europe.
(Reporting by Shadia Nasralla; editing by Jason Neely)
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