OMV, ADNOC sign LNG MoU
Austria’s OMV and the Abu Dhabi National Oil Company (ADNOC) on October 27 signed a memorandum of understanding (MoU) to explore a partnership in the supply of LNG.
According to the MoU, ADNOC will look to supply one LNG cargo to OMV for the winter season of 2023/2024.
“We take an important step in further intensifying our strong partnership between OMV and ADNOC. At the same time, this agreement is another building block in our efforts to strengthen Austria´s energy supply by diversifying gas sources in our portfolio,” OMV CEO Alfred Stern said.
Austria has been looking for alternative sources of natural gas since Russia's invasion of Ukraine.