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Price of gas for Moldova from EU to decrease by €119 per 1,000 cubic meters in May

In 2022, Gazprom, which was previously the only gas supplier to the republic, reduced its daily supply by 30%

CHISINAU, May 2. /TASS/. The price of gas purchased on the EU gas market consumed by Moldova will go down from 450 euro to 331 euro per 1,000 cubic meters in May, Executive Board Chairman of Moldovagaz gas distributing company Vadim Cheban reported.

"In accordance with contractual terms of natural gas purchases between Moldovagaz and Energocom, the purchase gas in May 2024 will total 31.13 euro per MWh, which equals 331.22 euro per 1,000 cubic meters (excluding VAT)," he wrote on his Telegram channel.

In 2022, Gazprom, which was previously the only gas supplier to the republic, reduced its daily supply by 30%. The Russian company explained this by technical problems related to the restriction of transit through Ukraine. However, Chisinau blamed the crisis on the Russian gas holding. Amid this situation Moldova fully shifted to fuel purchases from European suppliers through the state company Energocom.