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The purchase price of Russian gas for Moldovagaz in April will be $1,193 per 1,000 cubic meters, which is a record figure.

The purchase price of Russian gas for Moldovagaz in April will be $1,193 per 1,000 cubic meters, which is a record figure.

This gas purchase price for the current month was announced in his telegram channel by the Chairman of the Board of Moldovagaz. In February, the purchase price for natural gas for Moldovagaz amounted to $563 per 1,000 cubic meters, and in March - $547.26 per 1 thousand cubic meters. Thus, in April, the purchase price of Russian gas for "Moldovagaz" increased, compared with the previous two months, more than 2 times. Earlier, the head of "Moldovagaz" explained that the price of gas for Moldova will increase significantly in April, since the formula for calculating the price has changed since April 1. In the 1st and 4th quarters of each year, 70% of the price depends on the cost of goods in the oil basket and 30% on market prices for gas. In the 2nd and 3rd quarters, that is, from April to September, the reverse formula is used, the gas price is made up of 70% of the average monthly gas price for the previous month (TTF front month) and 30% of the oil basket price. In addition, in early March, due to the outbreak of war in Ukraine, gas prices in Europe renewed their historical highs. Prices have declined substantially since then, but not enough to offset the abnormal rise earlier in the month. In addition, oil prices have increased by 15-20% since the beginning of the war in Ukraine.// 12.04.2022 — InfoMarket

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