The Government accepted the Ministry of Economy’s proposal to found the state-run company “Vestmoldtransgaz”, which will manage the Iasi-Ungheni gas pipeline and will transport natural gas through this pipeline visa Moldova, IPN reports.

The Ministry of Economy, which is the company’s founder, will transfer 8 million lei into the registered capital of Vestmoldtransgaz. Within 30 days, the Ministry will work out the constitution documents and will register the company.

Vestmoldtransgaz will maintain the pipeline and the gas metering station and will extensively repair them when necessary.

The Iasi-Ungheni gas pipeline will be put into operation at the end of August.