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Moldova signs with EBRD a financial arrangement to purchase natural gas reserves

Miercuri, 11 Decembrie 2019 14:22 2019-12-11 14:22:07 PUBLIKA.MD Comments print
Moldova signs with EBRD a financial arrangement to purchase natural gas reserves
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Moldova will sign today with the European Bank for Reconstruction and Development (EBRD) a financial arrangement to grant a 50-million-dollar loan for the purchase of natural gas reserves. 

The $ 50 million will be spent on purchasing gas reserves unless Moldova can import Russian gas. 

The agreement will facilitate the implementation of the electricity system interconnection between Moldova and Romania. It will create a transparent and competitive electricity market in Moldova and the country's integration with the European Union's electricity market. 

The purpose of the project lies in the construction, equipment and commissioning of the electrical interconnection between Moldova and Romania. 

Moldova and the EBRD signed the Grant Agreement regarding the interconnection of electricity networks with Romania on September 26, 2019. The term of validity of the grant agreement is June 21, 2025.

 




 

 
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EBRD, gas supplytoate TAG-urile
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Related news
  • Measures taken to ensure gas supply to Moldova: Trans-Balkan route in reverse flow
  • Gas issue: Ukraine to deliver Moldova gas and electricity exceptionally
  • Moldova GDP will fall by 4.0 percent in 2020 - EBRD

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