5.7 C
Bucharest
February 28, 2021
BUSINESS

Romgaz, Petrom offering Moldova natural gas less expensive than Russian gas

Romgaz and Petrom have each submitted a bid to Moldova for the supply of natural gas through the Iasi-Ungheni pipeline, but for the time being they are not exporting gas, energy sources told Agerpres.  Contacted by Agerpres, officials of Romania’s Department for Energy said the price in the two bids of the Romanian companies is 20 per cent lower than the price for Russian gas.
‘There are two bids submitted by Romanian companies to the Energocom national corporation of Moldova that have delivery prices at the border that are 20 per cent lower than the ones charged by Russia’s Gazprom. The construction and the commissioning of the Iasi-Ungheni gas pipeline created for the consumers in the Ungheni area the possibility of an alternative to the natural gas supply routes,’ reads the reply of the Energy Department to the Agerpres.  The pipeline can deliver nearly 14,000 cubic metres and hour, which is 3 per cent of Moldova’s consumption.  ‘We are expecting to use this opportunity soon, but it is up to the Moldovan corporation to decide when to do so. Romania has kept its promise and finalised this important energy infrastructure project at the agreed time and with final expenses that were above the initially projected. We will continue to encourage the development of energy infrastructure and the interconnection of Moldova and Romania’s energy systems,’ officials of the department also said.  Moldova’s Ministry of Economy announced on its website on September 10 that the European Union will grant an extra 10 million euros for the expansion of the Iasi-Ungheni gas pipeline to Chisinau, in order to secure an alternative to the gas supply of the capital city of Moldova.  The Iasi-Ungheni pipeline is 43.2 km long, 32 km of which crosses Romania; it is 508 cm in diameter and buried 1.8-2.2 m deep. The maximum capacity of the pipeline will be 1.5 billion cubic metres a year, which means more than the annual natural gas consumption of Moldova.

Related posts

Lidl removes disposable plastic articles from the range by the end of 2018

Nine O' Clock

11th annual EuropaProperty SEE Real Estate Awards Gala & Forum

Nine O' Clock

BNR pleads for banking ombudsman

Nine O' Clock