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Energocom will sell gas to Moldovagaz in October-December at a price of about $605 per 1,000 cubic meters.

Energocom will sell gas to Moldovagaz in October-December at a price of about $605 per 1,000 cubic meters.

Such a decision was adopted by the company's Management Board. According to the report of the state-owned company, the commercial relations between the two companies are based on the government's decision of August 10, 2022 to impose the obligation to provide a public service in order to ensure the supply of natural gas in emergency situations. Since last December, consumers on the right bank of the Nistru/Dniester River have been using gas purchased by Energocom on international markets. "Since then, the prices we offer to Moldovagaz are lower than those offered by Gazprom," Energocom said. The state-owned company assured that Energocom has accumulated sufficient gas reserves for this winter to cover the consumption of the right bank of the Nistru/Dniester River until March 2024. For his part, Moldovagaz Board Chairman Vadim Ceban said that, in fact, the price of natural gas supplies presented by Energocom coincides with the previously presented forecast and practically correlates with alternative market offers (taking into account transportation costs to the interconnection points of the national gas transportation system with the corresponding systems of neighboring countries), taking into account the FMI (front month index) of the TTF trading platform. // 06.11.2023 - InfoMarket

News on the subject

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