Published by Global Banking & Finance Review®
Posted on January 14, 2025
1 min readLast updated: January 27, 2026
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OMV anticipates a $215M Q4 earnings boost from a Gazprom arbitration award, impacting its Gas Marketing & Power unit.
(Reuters) - Austrian oil and gas group OMV said on Tuesday it expects a positive impact of around 210 million euros ($215.4 million) on its fourth-quarter earnings from an arbitral award linked to its German gas supply contract with Gazprom.
The Vienna-based firm added the positive net impact would be recorded in the clean operating result of its Gas Marketing & Power business unit.
OMV said in November it had received an award of more than 230 million euros from the International Chamber of Commerce in connection with irregular German gas supplies from Gazprom Export.
The group recorded mixed average energy prices in the fourth quarter, hindered by a 7.4% fall in average realized crude oil price, it said in a trading update on Tuesday.
Average realized price for natural gas meanwhile rose 22.9% to 30.6 euros per MWh.
OMV will publish its full fourth-quarter results on Feb. 4.
($1 = 0.9751 euros)
(Reporting by Tristan Veyet and Isabel Demetz in Gdansk, editing by Milla Nissi)
OMV expects a positive impact of around 210 million euros ($215.4 million) on its fourth-quarter earnings from an arbitral award.
The International Chamber of Commerce awarded OMV more than 230 million euros in connection with irregular German gas supplies from Gazprom Export.
OMV recorded mixed average energy prices in the fourth quarter, with a 7.4% fall in average realized crude oil price, while the average realized price for natural gas rose 22.9%.
OMV will publish its full fourth-quarter results on February 4.
The positive net impact will be recorded in the clean operating result of OMV's Gas Marketing & Power business unit.
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