Austria is confident that there is a huge risk of a disruption in gas supplies from Russia, which poses significant consequences for the country, stated the Austrian Ministry of Energy, according to Bloomberg. “As long as there is a dependency on Russian gas supplies, there is a massive risk of a corresponding supply failure with far-reaching consequences,” the Ministry stated. Austria has clarified that it needs to reduce its dependence on Russian gas supplies as soon as possible. According to Bloomberg, an Austrian government report indicates that the country can meet its gas import needs th…