Investor Presentaiton
OeBFA
Austrian Treasury
A balanced energy mix with a high share of renewables and a set of measures
enables Austria to limit its dependency on Russian gas imports
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
Energy mix (share of fuels in gross available energy)
Austria has managed to reduce its
dependency on Russian gas supplies
from 79% (Feb. 2022) to below 60%¹
to
Strategic gas reserve of 20 TWh (close
of the Austrian annual natural gas
consumption); established in November
2022 and prolonged until 2026
Austrian energy company OMV has
secured long-term transport
capacities of up to 40 TWh (close to ½
of the annual consumption) until 20282
Gas consumption was reduced by
around 22% since 2021
An accelerated expansion of renewable
energy projects and large subsidy
programs like "Out of Oil and Gas" are
driving the transition towards
renewable energies (Austria has already
the fourth highest renewables share in
the Euro area³)
1) E-Control, March 2024, monthly average July 2022 - January 2024
2) OMV press release, July 2023
3) Eurostat, April 2023, Share of renewable energy in gross final energy consumption by sector
0%
Italy
Hungary Netherlands Romania
Germany Slovakia Belgium Austria
EU-27
Portugal
France
Finland
■Natural gas
Oil an solid fossil fuel products
Renewables and biofuels
Nuclear
Other
Note: data as of end-2022, ranked by share of natural gas
Source: Eurostat, January 2024
Republic of Austria / Investor Information, April 2024
1. Economic & Fiscal Overview
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