Moldova to contract 300 million euros to ensure security of natural gas supply

13:04 | 06.07.2022 Category: Economic

Chisinau, 6 July /MOLDPRES/ - Moldova will contract a loan worth 300 million euros on behalf of the European Bank for Reconstruction and Development (EBRD) for the implementation of the project titled, Security of Natural Gas Supply.

The parliament’s commission for economy, budget and finances today approved a report to the draft law for the ratification of the agreement on loan between Moldova and EBRD, signed on 23 June 2022.

Under the document, the loan will be disbursed in two installments worth 100 million euros and 200 million euros each. They money will be used for the purchasing of gas reserves on emergency purposes and for the diversification of the supply sources. At the same time, the risks will be diminished as regards the possible limitings or ceasings in the provision of natural gas, in the context of the political situation and the developments of the energy markets in the region.

The parliament is to consider the draft on the agreement’s ratification.

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