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State-owned Energocom has won the auction for the supply of 16 million cubic meters of natural gas to Moldovagaz in June.

State-owned Energocom has won the auction for the supply of 16 million cubic meters of natural gas to Moldovagaz in June.

The Ministry of Energy and Moldovagaz reported this, noting that the company continues to purchase gas on the BRM East Energy exchange: being a public service provider and in the context of fulfilling the provisions of the Law on Natural Gas, as well as in order to achieve a balance between the minimum purchase price and supply of gas to end consumers, the company initiated its purchase for June through the BRM East Energy trading platform. As a result of the auction held at BRM East Energy on May 29, the gas supplier for Moldovagaz for June in the amount of 16 million cubic meters, represented by Energocom, was determined. According to the auction conditions, the supply price will be set on the last day of May this year. The price formula will be linked to the TTF front month index and will be published on June 3. The purchased gas will be supplied to the Vestmoldtransgaz gas transportation system for delivery to end consumers. It should be recalled that Moldovagaz purchased 20 million cubic meters of gas earlier at the stock exchange for consumption in May. Moldovagaz said it will continue to ensure the purchase of natural gas for its consumers at the lowest prices on the market. // 31.05.2024 - InfoMarket.

News on the subject

The construction sector of Moldova can receive investments of hundreds of millions of euros per year in the energy efficiency sector of buildings – the Ministry of Energy.
The construction sector of Moldova can receive investments of hundreds of millions of euros per year in the energy efficiency sector of buildings – the Ministry of Energy.
Moldova will store about 15% of average annual natural gas consumption, of which more than 30% will be guaranteed reserves.
Moldova will store about 15% of average annual natural gas consumption, of which more than 30% will be guaranteed reserves.
Revenue from sales of Moldovagaz over the past 5 years has increased 2.9 times - from 4 billion 880.27 million lei in 2019 to 14 billion 378.76 million lei in 2023.
Revenue from sales of Moldovagaz over the past 5 years has increased 2.9 times - from 4 billion 880.27 million lei in 2019 to 14 billion 378.76 million lei in 2023.
Import of oil products to Moldova in the first quarter of 2024, compared to the same period of 2023, decreased by 1.2% - from 205.29 thousand tons to 202.86 thousand tons.
Import of oil products to Moldova in the first quarter of 2024, compared to the same period of 2023, decreased by 1.2% - from 205.29 thousand tons to 202.86 thousand tons.
The tender for the purchase of gas Moldovagaz required for June through BRM East Energy platform has been canceled and a new tender will be held.
The tender for the purchase of gas Moldovagaz required for June through BRM East Energy platform has been canceled and a new tender will be held.
Moldova will contribute to the strengthening of regional energy security, as well as the integration of energy markets through active participation in the North-South gas corridor and the construction of new power lines with Romania.
Moldova will contribute to the strengthening of regional energy security, as well as the integration of energy markets through active participation in the North-South gas corridor and the construction of new power lines with Romania.