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Moldova extends contract with Gazprom

Source : 112 Ukraine

Gazprom and Moldovagaz signed a new five-year contract
23:11, 29 October 2021

112 Agency

Moldova has signed a new long-term gas supply contract with Gazprom, as Point reports. 

"Gazprom and Moldovagaz extended the contract on Russian gas supply to Moldovan consumers from November 1, 2021 for the term of five years on mutually beneficial conditions," Gazprom said.

The protocol on settlement of current issues in the gas sphere was signed on Friday in conclusion of ended negotiations.

Related: Gazprom offers Moldova new gas deal in exchange for weaker EU ties

According to Moldova’s ministry of infrastructure, the parties also agreed upon the price formula and the audit of the debt accumulated by Moldovagaz.

On October 22, the Moldovan delegation in Moscow failed to come to terms with the Russian Gazprom, so the gas deal with it was not extended. Soon, the Moldovan government announced an energy crisis due to the gas deficit, which emerged after the negotiations with Moscow failed.

According to the Moldovan government, the volume of gas delivered from Russia was definitely not enough to cover the population's needs, and it caused serious malfunctions in the work of the gas transport system due to the low pressure in gas pipelines. 

Related: EU supports Moldova in resolving gas crisis

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