This will allow the replacement up to 30 pc of its gas imports from the Russian Federation with imports from Romania, the deputy premier from Chisinau, Valeriu Lazar said yesterday.
The deputy premier of the R. of Moldova, Valeriu Lazar said yesterday in a forum on ‘Romanian investments in the Republic of Moldova – challenges and prospects,’ that both the European Union (EU) and Russia support the construction of the Ungheni-Iasi natural gas pipeline, with an investment of EUR 19 M.
“This is a priority project for us, which would allow us to import natural gas from Romania,” Lazar explained. According to the source, building the pipeline would allow Moldova to replace up to 30 pc of its gas imports from the Russian Federation with imports from Romania. In a related move, authorities in Chisinau and Bucharest contemplate the possibility of storing Moldova’s strategic reserve of gas in Romania, possibly at Margineni.
Moldova has an annual gas consumption of 3 billion cubic meters, against Romania’s 14 billion cu m. According to the official, the EU agreed to grant EUR 7 M for the gas pipeline, and Moldovan authorities are in talks with the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) in view of financing the difference.
Attending the seminar, the state secretary with the Romanian Ministry of Economy, Claudiu Stafie said the construction of the gas pipeline is scheduled for the 2012-2014 interval.
Through the pipeline, Romania will be able to import and export natural gas. An amount equivalent to 16-18 per cent of the gas exported by Gazprom to Europe is transiting pipelines that cross the Republic of Moldova, Lazar explained. “This is what we want,” he answered a question about whether the Republic of Moldova plans to buy gas from Romania after 2015.