Economic

Minister of Energy, Victor Parlicov, invited by Gazprom to talks in St. Petersburg

Energy Minister Victor Parlicov announced that he had received an invitation from Gazprom to participate in discussions in St. Petersburg about gas supplies. Parlicov stated that he is uncertain whether he will attend, as he needs to discuss the trip with Prime Minister Dorin Recean. The minister also emphasized his commitment to ensuring that the citizens of the Republic of Moldova have access to natural gas during the cold season.

"This week, I received an invitation from Gazprom to participate in discussions in St. Petersburg on a very sensitive topic. We will coordinate the visit with the Prime Minister and we will strive to ensure that gas flows remain stable and that consumers are adequately supplied. Additionally, we want to ensure stability in the Transnistrian region, as mentioned by Parlicov.

Regarding the natural gas tariffs for 2025, Victor Parlicov noted that starting January 1, prices will be influenced by the stock market.

"Even though fundamental factors suggest that prices should decrease, the panic surrounding January 1 is causing prices to rise. This impacts the prices and forecasts used by the National Energy Regulatory Agency (ANRE). ANRE is responsible for approving tariffs and knows when to intervene, but the uncertainty created by the January 1 deadline affects not only the Republic of Moldova but also the European market," said Victor Parlicov.

It's important to highlight that Ukraine has already announced it will not engage in talks with Russia to extend the agreement on gas transit to Europe, which expires at the end of 2024. The European Union also expressed that it does not see any necessity for extending the agreement.

Furthermore, the Russian gas that transits through Ukraine also reaches the Republic of Moldova, particularly the Transnistrian region. While our country is no longer dependent on Russian gas, the right bank relies heavily on electricity generated on the left bank of the Nistru River. Currently, Chișinău fulfils almost 90 percent of its electricity needs from the Cuciurgan Power Plant.

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