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Austria will subsidize company transition from Russian gas

Austria will subsidize company transition from Russian gas

Vienna, Jun 8 (Prensa Latina) The Austrian government aanounced that it will give financial support to the country´s companies to dispense with Russian gas and change to the use of gas from other countries.

For these purposes, in 2022-2025, 100 million euros per year wil be earmarked, the Austrian Ministry of Climate Protection, Ecology, Transport, Innovation and Technology announced.

Before, the government developed a law on gas diversification to implement this plan.

Acording to its provisions, the authorities will encourage gas supplies outside Russia and cover the aditional costs that the companies face when buying gas from other countries.

Austia´s dependence on Russian gas today is 80%.

The Austrian governmnet recently expressed that it intends, with the support of the European Union to reduce Russian gas consumption by 2027.

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