BUSINESSCOMPANIESENERGY

Moldova connected to the European gas network via Romania. Deliveries start officially from January 1

By Anca Bernovici
0

Get real time updates directly on you device, subscribe now.

OMV Petrom has signed an agreement with the Moldovan company Energocom to start gas deliveries from January 1 through Iasi-Ungheni pipeline. The contract was signed on Monday for one year, romania-actualitati.ro informs. For the beginning, the delivered quantities are limited, but gradually they will grow.

Energocom will pay USD 277 for 1,000 cubic meters of gas, by USD 55 cheaper than the company buys from Russian Gazprom group.

According to Moldovan Deputy Prime Minister and Economy Minister Adrian Candu, by this agreement the country’s energy security will be enhanced.

The construction of the 43 km Iasi-Ungheni gas interconnector was officially launched this year’s August with the financial support of the European Union and in the presence of European Commissioner for Energy Guenther Oettinger. This is the first and only direct gas pipeline connecting Moldova and the EU. The Ungheni-Iasi pipeline will have a maximum transportation capacity of 1 billion m3/annually, covering around 1/3 of the gas consumption in Moldova. For the very first time in history, Moldova will be able to get gas directly from the EU and international markets. Until now, Moldova is 100 percent dependent on imported natural gas from Russia and has no domestic gas production.

The Commission has already approved a EUR 7 million grant in the framework of the EU European Neighbourhood Policy Instrument (ENPI) Cross-border Cooperation (CBC) Programme Romania-Ukraine-Moldova 2007-2013. The Romanian Government has also committed to assist Moldova with EUR 9 million. Total construction costs amount to EUR 28 million.

- Advertisement -

Anca Bernovici

Anca Bernovici

I started my way in life with the intention to pursue a teaching career. But, after graduating from the Faculty of Letters – the University of Bucharest in 2004, my first job as a reporter at one of the leading newspapers in Romania changed my perspective. I have specialized in communication and communication campaigns, following the Master's courses at the Faculty of Journalism and Communication Studies (FJSC), attending a BBC Communications scholarship.
I’ve represented several important publications in Romania as business journalist, being accredited in the finance and banking field. In 2015, I had the opportunity to interview the International Monetary Fund (IMF) Mission Chief for Romania, Andrea Schaechter. As business journalist, I also had the opportunity to interview ministers for Economics and Commercial
Affairs offices within different embassies in Romania or officials of large companies investing on the domestic market.
After almost 15 years of journalism, I still want to explore new ways, to inform and stay updated. That’s why The Romania Journal project fits me so well.
Today I describe myself as a passionate about the history of world culture, having a PhD in Hebrew Culture and Civilization, after a scholarship at the University of Haifa International School, as a language addict, an environmental activist, pet lover and traveler.

You might also like More from author
Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More