Moldovagaz repaid the loan taken from the government secured by the GTS

The Moldovan energy company Moldovagaz has repaid the body of the debt on the loan, which was issued to it by the state company Energocom on the security of the gas transmission system, the press service of the company reported.

“Moldovagaz fully repaid a loan of 1.05 billion lei ($56 million) to Energocom, taken in October last year on the security of the gas transmission network,” – leads TASS message.

Moldovagaz needs to pay another $4.4 million interest on the loan.

“Moldovagaz” took this loan at 21.5% per annum in October last year in order to fully pay Gazprom for September deliveries and pay an advance for October. Earlier that month”Gazprom” recalled the right to suspend gas supplies to Moldova if Moldovagaz does not fulfill its payment obligations.

In October 2021, Moldovagaz and Gazprom extended the gas supply contract for five years. According to the formula proposed by Chisinau, the price of gas is partly linked to the oil product basket and partly to spot gas prices in Europe. Under the expired contract, Moldova paid for gas an average of $148 per 1,000 cubic meters. m.

Previously Chairman of the Board of Moldovagaz Vadim Cheban informedthat the purchase price of Russian natural gas for Moldova in April decreased by 33.4% compared to March, amounting to $673 per 1,000 cubic meters. m.