HomeMediaLatest NewsWill Moldova be able to get Gazprom to revise tariffs

Will Moldova be able to get Gazprom to revise tariffs

27 May 2022

Salikhov Marcel R. President, Principal Director on Economic Studies, Head of the Economic Department

Marcel Salikhov, president of the Institute for Energy and Finance, commented to the internet portal Svobodnaya Pressa on the statement of the head of the Ministry of Infrastructure of Moldova, Andrey Spinu, who advocated revising the prices of a Russian company supplying gas to the republic.

“The price of deliveries under the contract is determined largely on the basis of spot prices in the European market. And in conditions of strong volatility and price fluctuations, this is a problem for Moldova, as the final prices are regulated. As a result, a situation arises when Moldovagaz sells fuel at prices lower than those at which it buys gas from Gazprom,” Marcel Salikhov draws attention.

As the expert admits, it is quite natural that such a situation leads the Moldovan company, and, accordingly, the republic, to losses.

“That is why Chisinau is interested in fixing the price at the same level. However, it should be noted right away that in the current conditions, the fixed price will be quite high and close to the current spot prices. It is not profitable for Gazprom to unilaterally set prices lower for Moldova than for other consumers. It is possible that in the conditions of refusal of European buyers to buy Russian gas, Gazprom will be ready to offer certain discounts to Moldova, but this should also be a subject of negotiations,” Marcel Salikhov emphasizes.

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