Vienna has a long-term contract with Gazprom that runs until 2040 Austria’s plans to end a long-term contract for Russian gas would cause energy prices to “explode” and would fuel inflation in the country, Axel Kassegger, a member of the Freedom Party of Austria, has warned. On Monday, Austrian Energy Minister Leonore Gewessler urged for radical steps to be taken to cut the country’s reliance on Russian gas, including breaking the long-term deal that state-owned energy company OMV has with Russia’s Gazprom until 2040. In December, the share of Russian gas in Austria’s total gas imports surged to a new record o
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