The terms of the contracts for the supply and transportation of natural gas through Moldova, signed between “Gazprom” and “Moldovagaz”, were extended until December 31, 2016, IPN reports.
In a press release, “Moldovagaz” says that for the contracts to be extended, the sides signed additional agreements to the contract concerning the conditions of supplying natural gas to the Republic of Moldova in 2007-2011 and to the contract concerning the conditions of transporting natural gas through the Republic of Moldova of 2011.
Thus, the same European formula will be used in 2016 to set the price of natural gas for Moldovan end-users. The formula is based on the average arithmetic value of the selling price of natural gas set by “Gazprom” for the European countries and the quotations of oil products. The other contract conditions also remained unchanged.
