Russia resells more gas in Europe after cutting off Austria

'Gas was still cheaper from Russia than from other sources, so Austrian volumes had quickly been resold,' a source said

Russian gas flows to Austria were suspended for a second day on Sunday because of a pricing dispute, but other buyers in Europe stepped in to snap up unsold volumes, companies and sources said and data showed.

Russia, which before the Ukraine war was the biggest single supplier of gas to Europe, has lost most of its buyers on the continent as the EU tries to cut its dependence on Russian energy. Russian gas is still being sold in significant volumes to Slovakia and Hungary, as well as to the Czech Republic which does not have a direct contract. Smaller volumes are going to Italy and Serbia.

Gazprom on Saturday halted supplies to OMV after the Austrian company threatened to impound some of the Russian state firm's gas as compensation for an arbitration it had won over a contractual dispute.