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Russia to sell gas to Moldova for $173 per 1,000 cubic meters in 2020

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Christian Fernsby ▼ | November 21, 2019
The price of Russian gas for Moldova will be significantly lower due to changes in the contract price formula to $173 per 1,000 cubic meters, Deputy Prime Minister Dmitry Kozak told reporters following the results of Russian-Moldovan talks.
Dmitry Kozak
Russian energy   Deputy Prime Minister Dmitry Kozak
"We didn’t have to give them a very big discount, because the current price formula itself makes it possible to provide a significant discount. I don’t mind telling you that from the new year the gas price for Moldova will be $173 per 1,000 cubic meters. This is under the current contract," the Russian Deputy Prime Minister added.

Topics: Russia gas Moldova

He also said that at the negotiations the republic’s gas debt to Russia was discussed.

"It was. We agreed that we will extend the contract under the existing conditions. It will be beneficial for the republic of Moldova next year in terms of gas prices," Kozak said.

According to him, the Russian government discussed the debt repayment with the local Gazprom. The mechanism of debt repayment implies that the reduced gas price will be paid with some supplementary amounts and this will allow Moldova to gradually return the debts.