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Norway will provide Moldova with a EUR 34.03 million grant for gas procurement and storage under the EBRD's Gas Supply Security project.

Norway will provide Moldova with a EUR 34.03 million grant for gas procurement and storage under the EBRD's Gas Supply Security project.

This is stipulated by the respective grant agreement between Moldova and the European Bank for Reconstruction and Development for the implementation of the project "Moldova Gas Security Supply", which was ratified by the Moldovan Parliament. The document was signed in Chisinau on October 13, 2023. According to the Ministry of Energy, the Norwegian government decided to offer through the NANSEN Support Program for Ukraine financial assistance in the form of a grant also to Moldova, including for its energy sector, in order to reduce the socio-economic consequences caused by the war in the neighboring country. The grant for Moldova in 2023 is estimated at around NOK 500 million, of which NOK 400 million (about EUR 34 million) will be allocated through the EBRD, which is the fastest way for Moldova to obtain these resources for the purchase and storage of gas reserves. // 22.12.2023 - InfoMarket.

News on the subject

Moldova will receive an additional loan of 165 million euros from the EBRD for natural gas procurement.
Moldova will receive an additional loan of 165 million euros from the EBRD for natural gas procurement.
In Chisinau, the tariff for heat supplied by Termoelectrica has been reduced by 493 lei (-15.1%) - from 3267 to 2774 lei per gigacalorie (without VAT).
In Chisinau, the tariff for heat supplied by Termoelectrica has been reduced by 493 lei (-15.1%) - from 3267 to 2774 lei per gigacalorie (without VAT).
Moldovan government approved procedures for expropriation of land for the construction of the Vulcanesti-Chisinau high-voltage transmission line.
Moldovan government approved procedures for expropriation of land for the construction of the Vulcanesti-Chisinau high-voltage transmission line.
Chisinau will build 2 new high-efficiency cogeneration plants for heat and electricity production with a capacity of about 55 MW.
Chisinau will build 2 new high-efficiency cogeneration plants for heat and electricity production with a capacity of about 55 MW.
In Chisinau, the tariff for heat from the Termoelectrica enterprise is planned to be reduced by 493 lei (15.1%) - from 3267 to 2774 lei per gigacalorie (excluding VAT).
In Chisinau, the tariff for heat from the Termoelectrica enterprise is planned to be reduced by 493 lei (15.1%) - from 3267 to 2774 lei per gigacalorie (excluding VAT).
Moldova's electricity market will be managed by OPEM (Moldova's electricity market operator), a subsidiary of OPCOM (Romania).
Moldova's electricity market will be managed by OPEM (Moldova's electricity market operator), a subsidiary of OPCOM (Romania).