Austrian energy company OMV said gas deliveries from Russia had ended at 6 a.m. (0500 GMT) on Saturday, but the regulator said supplies to customers were stable despite a drop in flows into Austria.

Russia’s state-owned natural gas company Gazprom stopped supplies to Austria early Saturday, according to the Vienna-based utility OMV after it said it would stop payments for the gas following an arbitration award.

Russia's state-owned natural gas supplier said it won't send any more gas to Austria after Saturday, but Austrian officials say that won't be a problem.

Austria's biggest energy supplier is trying to recover damages awarded during arbitration from Gazprom by essentially stopping some payment for gas supplied via Ukraine.

Russia halts gas supplies to Austria amidst a payment dispute, but maintains steady gas flow to Europe via Ukraine. The move follows arbitration in favor of Austria's OMV. Meanwhile, Europe seeks alternatives to reduce dependence on Russian gas,

Russia's Gazprom Export announced that its supply of natural gas to Austria is ending on Nov. 16, according to OMV, Austria's largest gas supply company.

The impact of the move for the European gas market may be limited at least for now as Russian flows into the region as a whole continue as normal. Gazprom supplies gas into Ukraine for transit, from where it travels to Slovakia for own consumption as well as further into Austria and other neighboring countries.

Austria's OMV halts payments to Gazprom, following an arbitration award, leading to a cessation of Russian gas supplies. Austrian Chancellor Karl Nehammer assured that Austria had an alternative supply of fuel.

Austria's chancellor says Russia’s state-owned natural gas company Gazrom will cut off supplies early Saturday to Austrian utility OMV

Russia’s state-owned natural gas company Gazprom stopped supplies to Austria early Saturday, according to the Vienna-based utility OMV, after OMV said it would stop payments for the gas following an arbitration award.

STORY: Russia has informed Austria that it will cut off gas deliveries via Ukraine on Saturday.That's according to Austria’s chancellor, Karl Nehammer, who said his country was ready with an alternative supply.