Moldova seeks to postpone January gas advance to Gazprom

The logo of the energy company Moldovagaz is displayed at a gas station in Chisinau, Moldova on October 28, 2021. REUTERS / Vladislav Culiomza

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CHISINAU, Jan.11 (Reuters) – Moldova will pay its December gas bill to Russian supplier Gazprom in the coming days, but is in talks with Moscow to postpone the January advance payment due to a lack of funds, said Deputy Prime Minister Andrei Spinu Tuesday.

Moldova and Gazprom entered into a five-year contract which began on November 1. It requires prepayment on the 20th of each month.

Gazprom said it was ready to stop supply in November after Moldova delayed a prepayment. To resolve the crisis, the Moldovan parliament amended the budget to pay off the debt. Read more

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Spinu told a press conference that gas importer Moldovagaz was missing € 25m for the January advance payment.

“But we are currently discussing with Gazprom the postponement of this January advance for 20 days, given that Gazprom is also the majority shareholder of Moldovagaz,” he said.

He expressed the hope that Gazprom would agree to postpone the payment date or that Moldovagaz would be forced to take out a loan to pay.

Russian gas prices for Moldova rose 17.5% in January to reach $ 646 per 1,000 cubic meters, in line with current contractual conditions. Read more

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Reporting by Alexander Tanas, written by Pavel Polityuk; edited by Jason Neely

Our Standards: Thomson Reuters Trust Principles.

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