Sunday 25 January 2009

Neste Oil to publish 2008 results on 5 February, 2009

Neste Oil will publish its fourth quarter and full year 2008 results on Thursday, 5 February 2009 at approximately 9 am (EET). The release will be available on the Neste Oil website immediately after publishing.

Thursday 8 January 2009

OMV/EconGas Update: Currently no delivery of Russian natural gas to Baumgarten distribution hub – Gas supply is still guaranteed

There are currently still no deliveries of Russian natural gas to OMV's distribution hub Baumgarten on the Austrian/Slovakian border.

Despite the current cancellations of Russian gas shipments, the gas supply to Austrian customers under current conditions (consumption levels, weather) can still be guaranteed due to compensating measures via storage facilities; domestic production; and imports from Western Europe.

OMV subsidiary EconGas can rely on storage reserves for a total volume of approximately 1.7 bcm. In order to further guarantee supply security, storage reserves have been made available in their entirety and supplied via the Austrian pipeline system. So the present cancellation of Russian natural gas can be fully compensated through the company's storage reserves at the moment.

OMV/EconGas will of course continue to be permanently in contact with Gazprom/Gazprom export, and the responsible authorities, and will report on further developments.