{"id":237646,"date":"2006-03-03T15:06:00","date_gmt":"2006-03-03T15:06:00","guid":{"rendered":"http:\/\/new.moldova.org\/2006\/03\/03\/moldova-and-russia-fail-to-strike-gas-bargain-so-far-10246-eng\/"},"modified":"2006-03-03T15:06:00","modified_gmt":"2006-03-03T15:06:00","slug":"moldova-and-russia-fail-to-strike-gas-bargain-so-far-10246-eng","status":"publish","type":"post","link":"https:\/\/www.moldova.org\/en\/moldova-and-russia-fail-to-strike-gas-bargain-so-far-10246-eng\/","title":{"rendered":"Moldova and Russia fail to strike gas bargain, so far"},"content":{"rendered":"Reading Time: <\/span> 2<\/span> minutes<\/span><\/span>

\"\"Russia has rejected Moldova’s offer to sign a gas supply contract for a 5-year term, Moldovan Minister of Economy and Trade Valeriu Lazar stated to local journalists upon return from Moscow where Moldovan governmental delegation held price talks with Russian Gasprom Concern this week. <\/p>\n

Lazar confirmed no concrete accords had been reached in Moscow: "The Russians refused to sign such a long-term contract straightaway, saying they need time to consider the offer, make calculations, and define a formula for gas price formation". <\/p>\n

In his words, the two sides are not negotiating the price as such, but only a contract timing and a price calculation formula. The negotiations will be resumed in 7-10 days. <\/p>\n

Until 2005 inclusive, the Russian Gasprom Concern, being the majority owner of Moldovagas (50% plus 1 share), used to supply the fuel to this republic for $80 per a thousand cubic meters. In the year 2006, Gasprom was going to push the price for Moldova up to $160, but then agreed to make it $110, but only for the first quarter of the year. Accordingly, the Moldovan Government raised gas rates for ultimate consumers here by 37.2% from mid-February, and warned that if the Gasprom’s tariff goes up from April 1, the local rates will have to be revised accordingly once again. <\/p>\n

Presently, the Republic of Moldova’s gas debt makes $687 million, of which $567 million is owed by Transnistria<\/font>. The breakaway region settles it gas accounts with Moscow independently of Chisinau. In 2005, Transnistria divorced Moldovagas and stated an intention to establish a separate joint venture directly with Gasprom. According to unconfirmed information available with Infotag, Gasprom is supplying gas to Transnistria for $80 this year. \/\/ Infotag<\/p>\n","protected":false},"excerpt":{"rendered":"

Reading Time: <\/span> 2<\/span> minutes<\/span><\/span>Russia has rejected Moldova’s offer to sign a gas supply contract for a 5-year term, Moldovan Minister of Economy and Trade Valeriu Lazar stated to local journalists upon return from Moscow where Mold<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-237646","post","type-post","status-publish","format-standard","hentry","category-economy"],"content_social_share":"Reading Time: <\/span> 2<\/span> minutes<\/span><\/span>

\"\"Russia has rejected Moldova’s offer to sign a gas supply contract for a 5-year term, Moldovan Minister of Economy and Trade Valeriu Lazar stated to local journalists upon return from Moscow where Moldovan governmental delegation held price talks with Russian Gasprom Concern this week. <\/p>\n

Lazar confirmed no concrete accords had been reached in Moscow: "The Russians refused to sign such a long-term contract straightaway, saying they need time to consider the offer, make calculations, and define a formula for gas price formation". <\/p>\n

In his words, the two sides are not negotiating the price as such, but only a contract timing and a price calculation formula. The negotiations will be resumed in 7-10 days. <\/p>\n

Until 2005 inclusive, the Russian Gasprom Concern, being the majority owner of Moldovagas (50% plus 1 share), used to supply the fuel to this republic for $80 per a thousand cubic meters. In the year 2006, Gasprom was going to push the price for Moldova up to $160, but then agreed to make it $110, but only for the first quarter of the year. Accordingly, the Moldovan Government raised gas rates for ultimate consumers here by 37.2% from mid-February, and warned that if the Gasprom’s tariff goes up from April 1, the local rates will have to be revised accordingly once again. <\/p>\n

Presently, the Republic of Moldova’s gas debt makes $687 million, of which $567 million is owed by Transnistria<\/font>. The breakaway region settles it gas accounts with Moscow independently of Chisinau. In 2005, Transnistria divorced Moldovagas and stated an intention to establish a separate joint venture directly with Gasprom. According to unconfirmed information available with Infotag, Gasprom is supplying gas to Transnistria for $80 this year. \/\/ Infotag<\/p>\n

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