OMV Gas Marketing & Power aims to further strengthen and diversify its customer portfolio in Western Europe and to regionally expand the Gas & Power business in locations with equity gas production.
Gas Marketing Western Europe
OMV markets and trades natural gas in several European countries, as well as in Turkey. In 2025, natural gas sales volumes in Gas Marketing Western Europe amounted to 39.5 TWh (2024: 53.1 TWh). The foundation of the natural gas sales business is a diverse supply portfolio, which consists of equity gas from Austria and Norway (amounting to 29.8 TWh in 2025 and 30.5 TWh in 2024) and a variety of international suppliers. In addition, OMV’s supply portfolio is strengthened by access to Europe’s main international trading hubs.
Gas Supply, Marketing, and Trading
OMV’s Gas Marketing & Trading sales activities focus on a diverse customer portfolio in the large-scale industry and municipality segments in Austria, Germany, the Netherlands, and Belgium, with origination opportunities in Italy, Slovakia, France, and the United Kingdom. OMV also aims to include green gases in its portfolio to reduce the carbon intensity.
Since the beginning of the war in Ukraine, OMV has been consistently pursuing a strategy to diversify supply sources and therefore can supply all its customers with non-Russian natural gas. OMV sources natural gas from its own production in Norway and Austria, as well as from Norwegian natural gas producers. In addition, OMV also has access to all major Central and Northwest European natural gas trading and capacity marketplaces.
The LNG business is a very important building block for the diversification of OMV’s natural gas supply portfolio, thereby enhancing supply security. OMV’s transportation capacity contracts into Austria enable the Company to supply equity gas and third-party volumes from Norway to Austria, as well as LNG volumes, using its contracted long-term annual capacity of 3 bcm (around 36 TWh) at the Gate regasification terminal in Rotterdam. In 2025, OMV fully utilized this allotted capacity at the terminal.
Gas Logistics
OMV operates natural gas storage facilities in Austria and Germany with a capacity of approximately 30 TWh. European storage system operators started the storage year in April 2025 with a storage level of 34% (April 1, 2024: 59%). International and national legal requirements and a consistently high degree of price volatility dominated the energy markets in 2025. Despite this challenging environment, OMV Gas Storage managed to win new customers in 2025 and fill the OMV storage facilities to highs of 80% (2024: 93%) in Austria and 86% (2024: 95%) in Germany. Additionally, OMV holds a 65% stake in the Central European Gas Hub (CEGH), the leading natural gas trading hub in Central and Eastern Europe. At the CEGH, 554 TWh of natural gas was nominated at the Virtual Trading Point in 2025 (2024: 700 TWh). This volume corresponds to approximately seven times Austria’s annual natural gas consumption.
Gas & Power Eastern Europe
OMV continues to benefit from the integrated business model on the gas and power markets in Romania, with profitability driven by gas and power margins, spark spreads, alongside power balancing services, and integration with renewable power capacities.
Consumption of gas and power in Romania is still impacted by the effects of the energy crisis, especially the industrial sector, which is not showing signs of significant recovery. The gas and power markets in Romania continued to be regulated in 2025, and OMV Petrom’s power business line was highly affected in the first half of the year. The Romanian power market was de-regulated in July 2025, with the gas legislation remaining in place until March 2026.
Gas
Natural gas sales volumes in Gas & Power Eastern Europe reached 37.5 TWh in 2025, a 16% increase compared to the prior year level (2024: 32.2 TWh). This reflects a strong performance – the highest annual level recorded since 2021 – driven by OMV Petrom’s leading position in the Romanian gas market and its expanding presence in regional markets. All gas sales channels have grown compared to the previous year, from the end user portfolio to the regulated market and the non-regulated wholesale market.
Regional development was again in focus in 2025. OMV Petrom completed the acquisition of OMV Gas Marketing & Trading Hungary in February, securing full ownership and reinforcing the already established presence on the Hungarian gas market by accessing a new gas sales channel to end customers. In the Republic of Moldova, OMV Petrom continued to be one of the main gas suppliers in 2025, supporting the country in addressing security of supply challenges and consolidating its central role for the future, including from the upcoming Neptun Deep volumes.
Power
OMV Petrom operates the 860 MW flexible Brazi gas power plant that generated 4.7 TWh of net electrical output in 2025, 5% less than the level achieved in 2024 due to the legislative context and market developments. It covered 9% of Romania’s generation mix, strongly supporting the security of supply and stability of the national power system, including through balancing and ancillary services. In terms of power, OMV Petrom continued to build its portfolio of renewable Power Purchase Agreements (PPA) from its renewable power assets and continued regional power marketing and trading operations capturing market opportunities and consolidating its position and expertise, mainly in Hungary.