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Finance

OMV CEO: Europe must step up own gas production and imports

Published by Global Banking and Finance Review

Posted on January 22, 2025

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FRANKFURT (Reuters) - Having severed ties with Russia as a gas supplier, Europe must step up its own production and imports, said Alfred Stern, CEO of Austrian utility OMV in a broadcast from the Davos economic forum on Wednesday.

"We have to do everything possible to work in and around Europe," said Stern, whose remarks were shown at a German industry conference in Berlin, adding favourable regulation and tax systems were needed.

(Reporting by Vera Eckert, editing by Matthias Williams)