HomeNewsMoldova Diversifies Gas Supply, Purchases U.S.-Origin LNG from Greece for Consumers

Moldova Diversifies Gas Supply, Purchases U.S.-Origin LNG from Greece for Consumers

4/1/2024

(Reuters) — Moldova's domestic gas supplier Energocom said it will supply its consumers with test volumes of U.S.-origin liquefied natural gas (LNG) for the first time on Monday and Tuesday.

Moldova relied almost exclusively on Russian gas under a deal with state-controlled Gazprom but stepped up diversification efforts following Moscow's full-scale invasion of neighboring Ukraine two years ago.

Energocom said in a statement that it will buy LNG from the Alexandroupolis floating terminal in cooperation with Greek state-controlled company DEPA Commercial.

"On Monday and Tuesday, we will purchase 14,000 MWh of natural gas each day at the port of Alexandroupolis. There are about 28,000 MWh in total, which is equivalent to 2.6 million cubic meters of gas," Victor Binzar, Energocom's acting director, was quoted as saying.

The company has already tested the import route from Greece, buying a small amount of gas in 2023.

Moldova does not currently buy gas from Russia but its breakaway Transdniestria region relies on its supplies. The total amount of gas in demand is slightly over 3 billion cubic meters per year.

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