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Navigating the energy transition
  + stars: | 2024-01-25 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNavigating the energy transitionCNBC's Steve Sedgwick speaks to Marco Alvera, CEO at TES, Vaishali Sinha, co-founder at ReNew, Alfred Stern, CEO at OMV, Bold Baatar, CEO at Rio Tinto Copper, and Henrik Andersen, CEO at Vestas.
Persons: Steve Sedgwick, Marco Alvera, Vaishali Sinha, Alfred Stern, Henrik Andersen Organizations: TES, Vaishali, Rio Tinto Locations: Rio, Vestas
CNBC's "Sustainable Future Forum" returned as a special event live from the 54th Annual Meeting of the World Economic Forum in Davos, Switzerland. CNBC convened top policymakers and business leaders to evaluate the outcomes of COP28 and examine what needs to happen in 2024 to ensure pledges are upheld, and progress is made. This panel examines what needs to happen to stay on course. watch nowNavigating the Energy TransitionCOP28 climate summit reached a historic deal to transition away from fossil fuels but did the agreement go far enough? Guests on the panel included: Marco Alvera, CEO, TES Vaishali Sinha, co-founder, ReNew Alfred Stern, CEO, OMV Bold Baatar, CEO, Rio Tinto Copper Henrik Andersen, CEO, Vestas
Persons: Badr Jafar, Daniel F, Feldman, John Kerry, Biden Rachel Kyte, Sanda Ojiambo, Tania Bryer, Kofi Annan, Marco Alvera, TES Vaishali Sinha, Alfred Stern, OMV, Rio Tinto Copper Henrik Andersen, Vestas Organizations: Economic, CNBC, Crescent Petroleum, Business, Philanthropy, Conference of, UN, Partner, Staff, Initiative, Energy, TES Vaishali, Rio Tinto Copper Locations: Davos, Switzerland, Dubai, Covington, Rio
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOMV CEO says Russia’s war in Ukraine reaffirms the need to diversify gas suppliesSpeaking to CNBC at the World Economic Forum in Davos, Switzerland, Alfred Stern, CEO of Austrian energy major OMV, discusses the need to diversify gas supplies amid Russia’s ongoing war in Ukraine.
Persons: Alfred Stern Organizations: CNBC, Economic Locations: Ukraine, Davos, Switzerland
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEurope is in a much better situation this winter when compared to last year, OMV CEO saysAlfred Stern, CEO of Austrian energy major OMV, discusses the state of play in the oil market and the outlook for Europe’s energy security.
Persons: OMV, Alfred Stern
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere is still pressure on the energy industry in Europe that 'will not go so quickly': OMV CEOAlfred Stern, OMV CEO, says gas prices at the European hubs have reduced "significantly."
Persons: Alfred Stern Locations: Europe
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEuropean energy firm OMV says it is able to supply 100% of customer orders with non-Russian gaswefAlfred Stern, CEO of Austrian energy firm OMV, discusses gas supply security and the importance of the diversification of energy sources.
OMV bets on more LNG from ADNOC, Q3 profit soars
  + stars: | 2022-10-28 | by ( ) www.reuters.com   time to read: +2 min
Like other European energy companies, OMV, which until the Ukraine war depended heavily on Russian oil and gas, is striving to diversify its supplies. "For us, it is important that we diversify the gas supply for Austria and this is a building block." High energy prices meant OMV (OMVV.VI), in which the Austrian state holds 31.5%, nearly doubled its core profit in the third quarter. For some years, OMV has been shifting its growth focus towards high-quality plastics such as polyethylene, polypropylene and PVC, from oil and gas. Mubadala, which also holds 24.9% in OMV, agreed to sell a remaining 25% stake in Borealis to ADNOC in April.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOMV CEO: Our 'fantastic results' were mainly driven by higher oil and gas pricesAlfred Stern, CEO of OMV, discusses the company's performance and Europe's energy crisis.
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