Austria’s Economic Affairs Minister Martin Kocher (ÖVP) has issued a warning about the potential economic consequences of Energy Minister Leonore Gewessler’s (Greens) plan to quickly reduce dependence on Russian gas. He emphasized that any hasty exit from Russian gas must not harm the economy. All EU states have agreed to phase out Russian gas by 2027, and Ukraine has announced that it will suspend pipelines crossing its territory after the gas transit contract expires in early 2025. Austria has seen a decrease in its reliance on Russian gas in recent months, with 87 percent of gas imports coming from Russia in February 2024.
Gewessler has sent a legislative package to the government partner ÖVP, outlining the diversification obligation for gas suppliers. This package includes amendments to several acts related to the gas industry and requires gas suppliers to gradually increase their use of non-Russian natural gas. While the goal of phasing out Russian gas is supported by all parties, there are concerns about potential gas shortages and the feasibility of transitioning away from Russian gas. ÖVP energy spokeswoman Tanja Graf has rejected the legislative package put forth by the Greens.
The Industrial Association (IV) has urged politicians to negotiate with Ukraine about continuing gas deliveries from Russia beyond the end of the current agreement. They also propose the formation of a consortium to bring Russian gas to Austria through Ukrainian transit pipelines. These developments highlight the complexities and challenges associated with reducing dependence on Russian gas while ensuring energy security and economic stability.
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