Ukraine and Moldova are negotiating the possibility of using Ukrainian underground gas storage facilities to diversify sources of energy resources. This was stated by the Minister of Foreign Affairs and European Integration of Moldova, Nicu Popescu.
“Our current gas deal with Russia will expire at the end of this year. Therefore, we will negotiate a new gas pricing agreement. Negotiations are also continuing with Ukraine on the potential lease of a specific gas storage facility in Ukraine, and the use of reverse gas supplies from Europe through this gas storage facility”, Popescu said.
The Minister also hopes that the construction of the Iasi-Ungheni-Chisinau gas pipeline from Romania will be completed next year. The length of the Ungheni-Chisinau gas pipeline will be about 120 km, it will be able to import 1.5 billion cubic meters of gas, which fully covers the needs of Moldova without Transnistria.
Moldova has been exporting Russian gas through Ukraine under a contract with Gazprom since 2008. The contract is extended annually and its provisions remain in force. According to the conditions, the price is calculated quarterly, depending on the price of oil in world markets. The current agreement for the supply of gas to Moldova is valid until December 31, 2019.
Earlier it was reported that Ukraine offers Moldova assistance in importing gas from the EU without the participation of Gazprom. Using the capabilities of the Ukrainian gas transmission system will minimize the potential risks associated with the possible interruption of natural gas transit from Russia and guarantee the security of gas supplies to Moldovan consumers.