The gas supply agreement for a period of five years between Gazprom and Moldovagaz was concluded on mutually beneficial terms. This is stated in the message of “Gazprom”.
“PJSC Gazprom and JSC Moldovagaz have extended the contract for the supply of Russian gas to consumers in Moldova from November 1, 2021 for a period of five years on mutually beneficial terms,” the company said in a statement.
Since 2011, the two largest gas companies in Russia and Moldova have annually renewed their supply contracts. Another contract expired on September 30. It was extended until the end of October. At the same time, the parties began negotiations on a new agreement.
Moldova and Gazprom extended the contract for five years
Since 2021, Moldova has wanted to move away from the pure pegging of gas to the cost of oil and oil products and connect elements of market (spot) pricing. This year, due to a shortage of fuel, the price of gas in Europe began to rise sharply. If in 2020 the average gas price for Moldova was only $ 149 per 1,000 cubic meters. m, then by September 2021 it increased to $ 550, and in October Moldova pays market $ 790 per 1,000 cubic meters. m.