The Republic of Moldova will buy natural gas in two installments and

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In Chisinau, the Commission for Exceptional Situations decided that Energocom will procure 10 million cubic meters of gas, in two installments, and store them in warehouses in Romania. The natural gas stocks will be procured and delivered based on a framework contract for the sale and purchase of natural gas of the EFET type, concluded between Energocom and Moldovagaz, according to RFI.

For the first tranche, 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 will be added the delivery costs through the transport system of SRL Moldovatransgaz. The second tranche 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 August 26, 2022. Moldovagaz and the Public Property Agency will inform the Commission for Exceptional Situations about the cost finally, the authorities claim.

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

At the same time, the members of the Commission for Exceptional Situations decided to allocate from the state budget 322 million lei (approx. 16.5 million euros) 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.

At the same time, Energocom will submit to the National Commission of the Financial Market the documents regarding the additional issue of shares, for notification and making the corresponding entries in the Registry of Securities Issuers. Depozitarul Central Unic al Valorilor Mobiliare will not charge commissions for the registration of securities in the framework of the additional issue of shares of Energocom.

According to the Moldovan Deputy Prime Minister, Andrei Spînu, in the next period, Energocom will purchase 5 million m3 of gas from MoldovaGaz in 2 installments. This transaction will also allow MoldovaGaz to pay the advance for the month of August, until September 1. In the context of the energy crisis and in order to inform the population about the need to use energy resources responsibly, the radio and television stations of the Republic of Moldova will broadcast for free and obligatorily, during the state of emergency, starting from September 1, 2022, the informative spot “Consumă responsible for energy”.