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Moldovagaz plans no revision of tariffs for end users despite gas price surge

BLACK SEA
OIL & GAS

Moldovagaz plans no revision of tariffs for end users despite gas price surge

Natural gas supplier Moldovagaz does not plan to seek revision of tariffs for end-consumers despite increased prices of Russian gas imports, CEO Vadim Ceban said on Tuesday. - SeeNews

Moldovagaz does not intend to ask the national energy regulator, ANRE, to revise tariffs for end-users, Ceban said in a social media post on Tuesday.

A day earlier Ceban said that the debt owed to Moldovagaz by end-consumers will amount to 500 million lei ($27 million/ 25 million euro) in April.

Also on Tuesday, Moldovagaz issued a statement urging small and large consumers to pay their gas bills on time.

Last month, the company announced that the price of Russian gas imports will double to $1,193 (1,105 euro) per 1,000 cubic metres in April compared to March.

Earlier this month, Moldova’s parliament passed a bill obligating Moldovagaz to buy additional volumes of natural gas and store them in a neighbouring country in order to reduce Moldova’s vulnerability to potential disruptions in gas flows from Russia. The bill must be passed on second reading to become law. At the time, Ceban told local online portal Newsmaker that in order to provide the necessary reserves by August, the company must purchase some 300-350 million cubic metres of gas.

Romanian foreign minister Bogdan Aurescu said in March that his country is ready to build on its territory a gas storage capacity or host gas for Moldova in order to help it reduce its dependence of Russian gas.

On April 5, Moldovan president Maia Sandu said that the country cannot stop purchasing gas from Russia but the government is looking for alternatives.

Moldova, tucked between Romania and Ukraine, has no gas deposits of its own and covers all of its gas needs by imports from Russia.

Russia's Gazprom owns 50% of Moldovagaz, the Moldovan government owns 35.33% and 13.44% is held by the government of Transnistria, the pro-Russian separatist republic within Moldova.

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