Moldovan President doesn’t believe Gazprom to bring gas price down

Maia Sandu, president of Moldova

© APA | Maia Sandu, president of Moldova

# 26 September 2022 15:12 (UTC +04:00)

Gazprom most likely won’t reduce gas prices for Moldova starting from October 1, said Maia Sandu, president of Moldova, APA-Economics reports citing Russian press.

Note that the agreement between Gazprom and Moldovagaz considers two formulas for the calculation of gas price.

Price in April-September is formed on the basis of 70 percent of the monthly average gas price (on TTF index) for the previous month and 30 percent of the basket price. But it is 70 percent of the basket price and 30 percent of the average gas price from October to March.

“There is no guarantee in the energy sector whether Gazprom will fulfill the contract with Moldovagaz or not. According to this contract the price for consumers from Moldova must be reduced significantly starting from the 1st of October, it is Gazprom’s duty to comply with the obligations of the contract,” said Maia Sandu.

She added that Moldovan Government is prepared for any scenarios and ready to help its citizens this winter.