SA Moldovagaz has announced that the contracts for the supply of natural gas signed with Gazprom have been extended until December 31, 2019. For the purpose, the sides signed additional agreements to the contract concerning the conditions of supplying natural gas to the Republic of Moldova in 2007-2011 and the contract concerning the conditions of transporting natural gas through the Republic of Moldova of 2011, IPN reports.
During the period of validity of the contracts, there will be applied the same European formula for determining the natural gas prices for Moldova consumers. The formula is based on the average arithmetic value of the selling price of natural gas set by SAP Gazprom for the European countries and the quotations of oil products.
The other contract conditions regarding the supply and transportation of natural gas will remain unchanged, except for the fact that this time there are set the lower and upper limits of the caloric power of the imported natural gas. This positively influences the selling price of gas supplied to the Republic of Moldova.
