Moldovagaz announces reduction in cost of gas from EU in May

The cost of gas purchased on the EU market, which Moldova consumes, will drop from 450 to 331 euros per 1,000 cubic meters in May, the head of the gas distribution company Moldovagaz, Vadim Cheban, said, reported from TASS.

"Under the contractual terms for the purchase of natural gas between Moldovagaz JSC and Energocom JSC, in May 2024, the purchase price will be 31.13 euros per MWh, which is equivalent to 331.22 euros per 1,000 cubic meters (excluding VAT ),” Cheban wrote on Telegram.

In 2022, Gazprom, which was previously the only gas supplier to Moldova, reduced its daily supply volume by 30%. The Russian company explained this by technical problems associated with limited transit through Ukraine, but Chisinau blamed the crisis on the Russian gas holding. In this situation, Moldova (excluding the breakaway Transnistria) completely switched to purchasing fuel from European suppliers through the state-owned company Energocom.

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