Romania to supply natural gas to Moldova at 17% below price of Russian gas

By bne IntelliNews January 6, 2015

Romania’s OMV Petrom will deliver natural gas to Moldova at a price of RON 1,010 ($277) per 1,000m3, under a contract signed with Moldova’s state company Energocom on December 22, InfoMarket online portal announced. The price is nearly 17% below that charged by Gazprom for its exports to Moldova.

The contract is effective from January 1, 2015. However, the deliveries will be rather symbolic – some 50mn m3 per year in the first stage, until Moldova builds the Ungheni-Chisinau pipeline to transport the gas from its border with Romania to the main consumers located around the capital city.

The market regulator ANRE was expected to endorse the transport license for Vestmoldtransgaz, the newly formed company that will transport the Romanian gas, on January 5, according to NewsMoldova. Former ANRE head Victor Parlicov told the news agency that the tariff for gas transportation through the 43-km Iasi-Ungheni connector remains unclear, at least until the supplies reach a volume of above 1bn m3 per year.

To fully capitalise on the 1.5-2bn cubic metre capacity of the gas connector with Romania, Vestmoldtransgaz will have to invest some €70mn in a pipeline from the Romanian border to Chisinau. Vestmoldtransgaz is a newly formed entity, separate from the main Moldovan pipeline operator Moldovagaz that is controlled by Gazprom. The EU has promised a €10mn grant for the project.

Moldova consumes some 1.2bn m3 of gas per year, while the pro-Russian separatist republic of Transnistria, where much of Moldova’s industry is concentrated, needs another 1bn m3 of gas per year. Currently, all Moldova's natural gas is imported from Russia.

Related Articles

Hungarian PM's "proxy" moves into the nuclear industry as Paks tenders approach

Firms controlled by Hungarian oligarch Lorinc Meszaros have purchased a 51% stake in the Hungarian subsidiary of Czech nuclear ... more

CEZ set to place Czech nuclear assets in new unit

Czech state-controlled energy group CEZ is set to place all nuclear-related activities into a new division, local media reported on May 17. The move raises speculation that the company is ... more

TAP suspends work on Albania pipeline after uncovering ancient settlement

Trans Adriatic Pipeline (TAP) AG company, which is in charge of the construction of the TAP gas project, has temporarily suspended works on the pipeline near the Turan village in Korca in the ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss