Moldova, Russia extend their gas contracts for another year

The Republic of Moldova and the Russian Federation have extended for another year, until December 31, 2013, the terms of their current contracts on supplying Russian natural gas to Moldova and on gas transit via the republic.

Moldovagaz joint Moldo-Russian company board president Alexander Gusev and Deputy Chairperson of the Russian Gazprom Concern board Alexander Medvedev have signed a supplement to the 2007-2011 gas supply contract and to the 2011 contract on gas transit via the Moldovan territory over to third countries.

Thus, in 2013 the parties will be using the European formula of gas price calculation for consumers in Moldova. The formula is based on the average arithmetical value of the gas realization price to the so-called «far abroad» [i.e. foreign countries other than former Soviet Union republics. These latter ones constitute the so-called «near abroad»], and on quotations of oil product prices. All the rest contract terms of gas supply and transit shall remain unchanged.

Adapted from Infotag