The Austrian $OMV (-0,67%) sees 2025 as a turning point for the company, as the gas portfolio is better positioned than ever before, according to CEO Alfred Stern.
A decisive step was the arbitration case won against the Russian state-owned company $GAZPwhich enabled OMV to end its business relationship with Russia at the end of 2024. As a result, the company also stopped making payments for Russian gas.
Stern commented in an interview with CNBC that #wef2025that OMV now has a diversified gas portfolio with sources from countries such as Norwaythe USA, Italy and LNG imports.
