Bilateral energy relations
Austria relies to a large extent on energy imports and at the same time exports significantly less energy to other countries. Ensuring the supply of sustainable and affordable energy in the long term is one of the key challenges of Austrian international energy policy.
Energy security remains a precondition to realize economic growth and innovation. Against this background, projects that contribute to increasing security of supply in Austria shall be supported, the relevant framework conditions created, and existing relations with important energy partner countries be maintained or deepened. These include projects for the diversification of import routes and/or sources, the provision of reverse flow in natural gas transit systems or the expansion of natural gas storage facilities. Another goal of Austria’s international energy policy is to intensify cooperation with strategic energy partners in the fields of renewable energy and energy efficiency. This should create and guarantee favorable and stable economic framework conditions for energy projects of Austrian investors. Austrian companies are “innovative energy technology frontrunners”, not only in European markets but also at global level.