Gazprom Threatens To Cut Off Gas To Moldova In 48 Hours

Gazprom Threatens To Cut Off Gas To Moldova In 48 Hours

Andrew H. Sweet

Last month, Chisinau declared a state of emergency. It started buying gas from countries other than Russia after its contract with Gazprom, the largest natural gas supplier to Europe, expired at the end of September. The two sides failed to agree on details and pricing of a new long-term deal.

But in a breakthrough on October 28, the Moldovan government and Gazprom announced a new price formula for a five-year agreement to keep gas flowing.

Moldovagaz head Vadim Ceban confirmed that Moldova's state energy company received such a notification from Gazprom, saying the sum amounted to 1.3 billion Moldovan lei ($73.5 million)."

Read the original story here.

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