Gazprom begins supplying gas to Moldova under new contract

Source : 112 Ukraine

Chisinau is expected to conduct an independent audit of Moldovagaz's debt to Russia in 2022
15:00, 1 November 2021

Open source

On November 1, supplies of Russian gas to Moldova began under a new contract signed with Gazprom, DW reports.

Moldovan Deputy Prime Minister Andrei Spînu said that Moldova would receive Russian gas at a price twice lower than the market price of about $450 per thousand cubic meters under a contract with Russia's Gazprom in November.

Chisinau is expected to conduct an independent audit of Moldovagaz's debt to Russia in 2022. According to Spinu, as soon as the amount of debt is determined, Moldova and Russia will organize talks to determine the terms of payment.

As it was reported on October 29, Moldova has signed a new long-term gas supply contract with Gazprom from November 1, 2021 for the term of five years. The Russian side agreed with the price formula proposed by Chisinau.

On October 22, the Moldovan delegation in Moscow failed to agree on the terms of the extension of the gas supply contract with the Russian state concern Gazprom.

Government of Moldova declared a state of emergency in the energy sector due to the gas shortage that arose after the expiration of the gas contract with Gazprom.

On October 23, the Gazprom company threatened to cut off gas supplies to Moldova. The Russian monopolist demanded that the Moldovan side pay off the debts.

Despite this, on October 27 Gazprom has offered Moldova a new contract for gas supply at a lower cost in exchange for the country adjusting its free trade deal with the EU and delaying energy market reforms agreed with Brussels.

Related: Gazprom says European gas requirements being met after Yamal - Europe pipeline stoppage


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