Emergency commission approves new steps on energy security in Moldova

Chisinau, August 29 /MOLDPRES/- Energocom company will buy 10 million m3 of natural gas in two installments and stored in warehouses in Romania. Such a decision was taken today at a meeting of the Commission for Emergencies (CSE), chaired by Prime Minister Natalia Gavrilița, the government's communication and protocol department has reported.

Natural gas stocks will be procured and delivered under a framework contract on sale and purchase of natural gas of EFET type, concluded between Energocom and Moldovagaz company.

For the first installment the purchase price will be 1458.92 dollars per 1000 m³ and will be confirmed by the delivery-acceptance deed between Moldovagaz and Gazprom, to which the costs of delivery through the transport system will be added of Moldovatransgaz.

The second installment of natural gas procurement will be carried out in September, at a preliminary price of 1881 dollars per 1000 m³, estimated according to the situation of 26 August 2022. Moldovagaz and the Public Property Agency will inform the Commission for Emergencies on final cost.

Energocom will store the natural gas procured in both installments in warehouses in Romania. Until that moment, Moldovatransgaz will ensure free storage of stocks purchased by Energocom.

At the same time, the CSE members decided to earmark 322 million lei from the state budget to the Energocom Joint Stock Company, in order to increase the share capital. The transfer of financial means will be ensured by the Ministry of Finance, at the request of the Public Property Agency.

Energocom will submit to the National Commission of the Financial Market the documents on the additional issue of shares for notification and making the corresponding entries in the Register of securities issuers.

Photo: Government