Savings due gas purchase from Gazprom, versus TTF spot exchange prices, will amount to $405.1 million for the period of November 2021 - late 2022 – Moldovagaz stated.
The Chairman of the Board of Moldovagaz Vadim Ceban announced this at a press conference on Wednesday, noting that this is indicated by the preliminary calculations and assessments carried out by the company. It is planned that such savings will come from buying gas directly from Gazprom in the next 14 months, against buying it at exchange prices. “All our consumers will be able to take advantage of this benefit,” noted Vadim Ceban. As follows from the materials of Moldovagaz, the profit from the purchase of gas from Gazprom in 2021 will amount to $160.3 million, and in 2020 - $244.8 million. The head of Moldovagaz stressed that, in principle, in the current situation, when gas prices on the exchange increased by 700% and prices for other energy carriers increased as well, based on the current situation in the region with gas prices, the gas price received by Moldova and the formula for its calculation is, in principle, good, quite competitive and profitable for us, and the Moldovan side will need to pay more attention to improving operational efficiency, to deal with energy efficiency, develop renewable energy sources, and also support consumers by providing them with compensations to mitigate tariff increases. // 10.11.2021 - InfoMarket.
