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19 October 2019
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Gheorghe Russu

Vice-director, The Center for Combating Economic Crimes and Corruption

Parties-Phantoms, Parties - State Institutions, Parties - State Enterprises

Ion PREAŞCĂ

20 parties have registered in the current election campaign. Many people say it is a too big number for such a small country as Moldova. At the same time, much more parties could take part in the election campaign.

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Activists launch Moldova’s first ‘Space Camp’ © Susan Coughtrie

Gazprom increases gas price for Moldova by over $40 per 1k cubic meters

Gazprom, the Russian natural gas supplying enterprise, has increased the gas price for Moldova to US$361.17 per 1 thousand cubic meters for the 3rd quarter of 2011 (subject to its caloric content - US$367.67).
INFOTAG, 20 July 2011, 14:46

Subject to the caloricity, the price in the 1st quarter was equal to US$292.88 and US$321.71 in the 2nd quarter.

According to the Moldovagaz administration, if oil products' world price growth rate will remain the same, it is forecasted a further increase of gas price for Moldova till US$395.24 (subject to caloric content - US$401.06) in the 4th quarter.

According to estimates of Moldo-Russian enterprise specialists, average purchase price of Russian natural gas in 2011 will reach US$343.84 (subject to caloricity) and will significantly exceed characteristics introduced by the National Energy Regulatory Agency (ANRE) in existent tariff. Based on this, Moldovagaz intends to demand the ANRE to increase the tariff.

The gas price for Moldova is established every quarter on the grounds of arithmetical mean of the Gazprom's sale price for far abroad countries over last 9 months preceding the beginning of the period of supply subject to world price change index for oil products (gasoil and black oil).

The Moldo-Russian gas contract expires in 2011. Representatives of the Ministry of Economy, Moldovagaz and Gazprom already started negotiations on concluding another long-term contract. It is supposed that gas price calculation formula will remain the same.

According to the ANRE, the Russian gas price for Moldova must amount to US$356 per 1 thousand cubic meters.

According to the legislation, tariffs for consumers are reconsidered only if departure exceeds the former price by 5% subject to other tariff components, including the exchange rate of Moldovan leu against U.S. dollar.

The average gas tariff increased in Moldova for the last time on February 1 by 12.2% - to 4.599 thousand lei per 1K cubic meters (without VAT, whose amount reaches 6%).

Moldovagaz was founded in 1999. The enterprise's authorized capital reaches 1.33 billion lei (about US$113 million). Thus, 50% of its stocks belong to Gazprom, 35.33% to Moldova, and 13.44% to the Transnistrian leadership. In 2005, the region announced about its unilateral withdrawal from the company and provided its stocks to the Gazprom entrusted administration. The aggregate gas arrears of Moldova exceed US$2.6 billion, while most of them are of the Transnistrian region.

© 2011 INFOTAG all rights reserved

 



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