Austrian Times RSS FeedsLike the Austrian Times Facebook page!Follow us on Twitter!


Events for April
M T W T F S S
31 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 1 2 3 4
Add your event FREE

Today



BurgKino

Pub Quiz everyTuesday at Johnny's Pub

Popular in Austria

Cosmo&Nanu

Cosmo&Nanu

OMV head Gerhard Roiss has appealed to political leaders to take a stand for gas as a key future source of energy.

OMV demands EU gas commitment

The head of Austria’s leading oil and gas company has appealed to political leaders to take a stand for gas as a key future source of energy.

Gerhard Roiss, who has headed OMV AG since 2011, told the Kurier newspaper that the European Union (EU) should make clear whether it supported the search for and production of gas. "It has not issued a clear statement in this regard yet," Roiss criticised.

Roiss – whose company has almost 30,000 employees – described gas as the "cleanest among all fossil energy sources." Speaking to the Kurier, he stressed that gas would be available for several hundreds of years in the whole world.

Roiss said OMV’s key mission in the coming winters would be to ensure the full provision with gas in Austria. He pointed out that Russia reduced its distribution of gas to Western Europe by around 30 per cent in the past winter period.

The OMV chief – who acted as vice chairman of the Viennese company for several years before taking over the agendas of long-time CEO Wolfgang Ruttenstorfer in April 2011 – appealed to the EU to make clear whether it backed shale gas search initiatives in Europe.

Roiss said that the European economy’s competitiveness might wane in the coming years due to the USA’s increasing shale gas production. "The United States started developing the potential of shale gas resources 10 years ago. The price for gas has halved compared to Europe to this day. These developments will of course affect European industry," Roiss said.

The OMV chief – who claimed that the United States of America could become a gas-exporting nation – warned from putting an excessive focus on renewable energy sources. Roiss suggested to create a "bouquet of flowers" of all available energy resources and technologies to ensure full electricity and heating supply in the foreseeable future.

OMV has been listed on the Vienna Stock Exchange (WBAG) since 1987. One share of the firm – in which Austria holds a stake of 31.5 per cent – was worth 27 Euros at midday today (Tues). OMV had a turnover of 34 billion Euros last year. This was an increase of 46 per cent compared to the previous year. This development suggests that the enterprise managed to compensate a significant temporary decrease of oil production in Libya and Yemen due to the countries’ uprising.

OMV is one of Austria’s most powerful brands. It is the main shareholder of Romanian energy sector giant Petrom. It also owns a majority interest in Turkish petrol station management company Petrol Ofisi. OMV will invest 2.4 billion Euros into various projects in the coming 10 years altogether, according to Roiss. The company chairman also said he was confident that a new efficiency programme would help save 700 million Euros within the coming two years.

Austrian Times


Are you on Facebook? Like the Austrian Times on Facebook and win great prizes!

Write your comment to this article here

  • louis vuitton wrote on 14. 10. 2012 from louis vuitton about "OMV demands EU gas commit..."

    Pretty section of content material. http://ww.nfljerseysestore.com. I just stumbled upon your weblog and in accession capital to assert that I get actually enjoyed account your blog posts. Any way I will probably be subscribing to your augment and even I achievement you access consistently swiftly. louis vuitton http://www.lvoutleter.com

    Reply



Related articles: EU

  1. Best of the bookshelf in May, part four

    » Panorama 2012-05-31

    A Harvard University professor’s book on the killing of Osama Bin Laden, a collection of funny experiences on planes and many more interesting releases are out now.

  2. Drachma reintroduction 'would mean social explosion'

    » General News 2012-05-31

    A renowned economist has warned from reintroducing the drachma in Greece.

  3. EC warns debt-ridden Austria

    » General News 2012-05-31

    Austria has been criticised for its high public debts.

more related articles tagged "EU"

Related articles: crisis

  1. Drachma reintroduction 'would mean social explosion'

    » General News 2012-05-31

    A renowned economist has warned from reintroducing the drachma in Greece.

  2. EC warns debt-ridden Austria

    » General News 2012-05-31

    Austria has been criticised for its high public debts.

  3. Property prices keep climbing

    » Business 2012-05-31

    A real estate expert has expressed concerns about property prices in Austria.

more related articles tagged "crisis"

Related articles: CEE news

  1. AUA under pressure as pilots quit

    » Business 2012-05-30

    The number of pilots and stewardesses leaving Austrian Airlines (AUA) because of the upcoming pay cuts is on the rise.

  2. Pay cuts scare off AUA pilots

    » Business 2012-05-29

    Dozens of pilots have left Austrian Airlines (AUA) in the past weeks, according to the loss-making carrier’s works committee.

  3. Austrian skiers create overnight stay record

    » Business 2012-05-29

    The number of winter season overnight stays by Austrians has reached a new record.

more related articles tagged "CEE news"

Related articles: business boom

  1. Austrian skiers create overnight stay record

    » Business 2012-05-29

    The number of winter season overnight stays by Austrians has reached a new record.

  2. Knoflacher emphasises pedestrian zones' economic effects

    » General News 2012-05-24

    A renowned traffic planner has stressed that shop owners are generally appreciating the introduction of pedestrian zones.

  3. IV demands focus on industry in crisis

    » Business 2012-05-24

    The general secretary of the Federation of Austrian Industries (IV) has appealed on Europe’s political leaders to strengthen the continent’s industry.

more related articles tagged "business boom"

Related articles: Austria & America

  1. Best of the bookshelf in May, part four

    » Panorama 2012-05-31

    A Harvard University professor’s book on the killing of Osama Bin Laden, a collection of funny experiences on planes and many more interesting releases are out now.

  2. Best of the bookshelf in May, part three

    » Panorama 2012-05-30

    A long-lost urban photography collection, an excellent new travel guide for Croatia and a new book about growing up in Austria in the 19th century are out now.

  3. Brodbeck criticises credit rating 'hysteria'

    » Business 2012-05-01

    A German economist has warned from "dangerous monopoly circumstances" in the global rating business.

more related articles tagged "Austria & America"


Tag cloud:
Exchange  production  source  Euros  energy  Kurier  United  Austria  chairman  Stock  European  shale  billion  Petrom  rsquo  appealed  ndash  Roiss  States  resources


Latest News

 

Pink Easter bunny helps Vienna art world pay tribute to Dürer
The Viennese art world has created its own version of the Easter Bunny – by making a giant sized sculpture of the famous Albrecht Dürer painting currently on display until 29 June as part of the exhibition "Dürer, Michelangelo, Rubens"

Pressure Group To Tackle Victims Of Austrian Officialdom
A group of businessmen fed up at the way companies are being squeezed not only by red tape but also by ever newer taxes have taken to the Internet to try and build up pressure for change.

First Hotel in Millstatt Celebrates 130th Anniversary on Summer 2014
Luxury hotel See-Villa in Millstatt, Carinthia opens its doors anew to welcome the 2014 summer season and celebrates its 130th founding anniversary in Austria's summer capital.

Austrian Teen Girls Become Pin Ups For Syrian Jihad
Interpol is searching for two Austrian teenage girls who they believe have been tricked into going to Syria to fight on the side of Islamic rebels.

As seen at Haydn Kino: The Amazing Spider-Man 2
Film review by Kostyantyn Steblovskyy

Schools Ordered To Save, But Also To Buy Expensive Scales
Austria's embattled finance ministry has been dragged into a new scandal after it emerged that at the same time as demanding schools save 57 Millionen Euros, they were also expected to find an additional 3 million to buy an approved set of weighing scales.

OAP Hunts Down THIS Hit And Run Cyclist
Does anyone recognise this cyclist? If so you can get yourself 200 euros, and do a good deed in the process.

Property price rise continues
The price of property in Vienna has now spiralled so much that every 4th apartment comes with a price tag of 500,000 or more. And every second flat costs 300,000 or more.

Free Staff For One Person Companies - But Only In NÖ
Since the beginning of the year one-man-companies, the so called "Ein-Personen-Unternehmen" in Lower Austria have been entitled to help in the form of a free assistant.

What is on at Burg Kino this week? (18 April - 24 April)



This week at the Burg Kino on the Opernring the following films are showing:





 


Mala Vrata

The most popular stories –
last 7 days



Don't moan alone, the Ombudsman Investigates.

Why suffer in silence. Let off steam by letting our readers share your troubles. File your complaints about anything and everything here.

Our ombudsman David Rogers will try and help solve some of the problems from lazy civil servants through to incompetent companies – and at the very least the worst transgressors will end up in our weekly special report.


Austrian Zimmers