Government of Norway and the EBRD will provide a grant and a loan for the implementation of the "Security of natural gas supply" project
The Norwegian government will offer our country, through the European Bank for Reconstruction and Development, a grant worth 34 million euros. Also, the EBRD will grant a loan worth 165 million euros. The money will be used for the implementation of the "Security of natural gas supply" project. In this sense, the deputies ratified a grant agreement and another loan agreement.
According to the project, the money will be used both for the purchase of natural gas reserves and for the diversification of sources. All natural gas consumers from the Republic of Moldova will be beneficiaries of the project.
The "Security of natural gas supply" project will be implemented through S.A. "Energocom", a company in which the state holds the majority stake.
The implementing unit will purchase and store natural gas in underground storages in neighboring countries during the warm period of the year, when the price of natural gas is low. The natural gas will be purchased based on the tender organized according to the procedure established by the EBRD.
