Energocom to buy 10 million m3 of gas, store it in Romania

The state company Energocom has been instructed by the Emergency Commission to buy
10 million m3 of gas, in two installments, and store it in Romania.

The reserve will be bought and subsequently supplied to the gas utility Moldovagaz based on an EFET-type agreement.

For the first installment, the price will be $1,458.92 for one thousand cubic meters, plus the charge of the gas transport company Moldovatransgaz. The second installment will be bought some time in September, at a preliminary price of $1,881 as estimated on August 26.

Energocom will subsequently store the gas in Romania. Until that moment, Moldovatransgaz will keep the gas in its storage facilities free of charge.

Meanwhile, the Emergency Commission decided to raise Energocom’s equity by 322 million lei.

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