Austria wants to secure more gas from UAE

 Austrian Chancellor Karl Nehammer will seek to secure more natural gas supplies from the United Arab Emirates during a visit to Abu Dhabi this week aimed at reducing his country’s heavy energy dependence on Russia, his office said on Monday.



Austria has been scrambling since Russia’s invasion of Ukraine to find alternative sources of natural gas, vital for heating and some energy-intensive industries producing goods such as steel and paper. Most of Austria’s electricity comes from renewables, especially hydropower.


Austria and Abu Dhabi sovereign wealth fund Mubadala are the two biggest shareholders in Austrian oil and gas company OMV.


The UAE is an “important strategic partner” in Austria’s efforts to ensure security of supply, Nehammer added.



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