Moldovagaz receives funds to repay Gazprom’s debt in Russia — government – Business and Economy

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CHISINAU, January 20. /TASS/. The Moldovan Commission for Emergency Situations has issued an order to transfer funds to Moldovagaz to pay debts to Russia’s Gazprom, the Moldovan State Chancellery said in a statement on Thursday.

According to the decree, the Ministry of Labor and Social Protection will transfer about 26 million dollars to Moldovagaz, and the company will have to pay Gazprom for the fuel received in the first half of January before tomorrow.

According to the Moldovan government, the gas distributor Moldovagaz lacks about 25 million dollars to repay its debts to the Russian company. After Gazprom informed Chisinau of the suspension of gas supplies from January 21 due to Moldova’s failure to meet its financial obligations, the republic declared a 60-day state of emergency on Thursday.

In October last year, Moldovagaz and Gazprom extended the fuel supply contract for five years. An important clause of this contract stipulates that Moldova must pay for the gas consumed during the previous month and half of the volume received during the current month before the 20th of each month. In November last year, Moldova was also late with its payment and received a notification from Gazprom about the potential gas supply suspension within 48 hours, after which the government of the republic provided the funds. required.

According to Moldovagaz CEO Vadim Cheban, the company ran into financial problems in January because gas tariffs in the republic were not adjusted in time. In January, the price for the purchase of Russian gas rose to 647 dollars per 1,000 cubic meters, while the tariff provides for a price of around 430 dollars.

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