Moldova Settles Debt for Gas to Russia, Averts Energy Crisis
MOSCOW/CHISINAU (Reuters) - Moldova has paid for Russian natural gas it received in October and the first half of November, Moldovagaz said in a statement, averting a possible crisis over a payment dispute.
Moldovagaz said earlier this week that the Russian energy giant Gazprom had threatened to cut off gas supplies to the country within 48 hours unless Moldova paid for recent deliveries. Gazprom on Wednesday agreed to postpone the deadline.
Kremlin-controlled Gazprom confirmed it had received the money from Moldova on Friday.
"The problem has been solved," Gazprom's spokesman, Sergei Kupriyanov, said in a statement.
Haggling over a new long-term energy supply deal between Moldova and Russia had tipped Moldova nation into crisis last month but appeared to be resolved when both sides struck a new deal.
However, on Monday, Moldovagaz received a notification from Gazprom threatening to cut off gas supplies to the country within 48 hours unless Moldova pays $73 million for recent deliveries.
To solve the debt crisis, Moldovan's parliament on Thursday approved budget amendments that will allow the national energy company to pay energy dues to Gazprom and avert the crisis.
Related News
Related News
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Boardwalk’s Texas Gas Launches Open Season for 2 Bcf/d Marcellus-to-Louisiana Pipeline Expansion
- Tallgrass to Build New Permian-to-Rockies Pipeline, Targets 2028 Startup with 2.4 Bcf Capacity
- New Alternatives for Noise Reduction in Gas Pipelines
- EIG’s MidOcean Energy Acquires 20% Stake in Peru LNG, Including 254-Mile Pipeline
- Construction Begins on Ghana's $12 Billion Petroleum Hub, But Not Without Doubts
- DOE Considers Cutting Over $1.2 Billion in Carbon Capture Project Funding
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
Comments