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Moldova to resume gas talks with Gazprom after decision on EU Energy Package III

December 17, 2011
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Moldpres/ Chisinau -- Moldova's negotiations on a gas new contract with the Russian gas giant Gazprom will be resumed after Moldova decides on the actions needed to implement the EU Energy Package III. Economics Minister Valeriu Lazar today made statements to this effect during public hearings at the parliamentary commission for economy, budget and finances.

The negotiations between Moldova and Gazprom were suspended at Russia's initiative, after Moldova signed the Energy Package III in October 2011. The document provides for the separation of the supply and transit of gas in order to avoid eventual situations of monopoly. In Moldova's case, Gazprom is the company that produces, transports and distributes gas in Moldova.

Lazar said the talks might be resumed next week already. He noted that a Moldovan delegation is visiting Brussels on 14-15 December to present the country's position on the Energy Package III. Lazar specified that, when signing the Energy Package III, Moldova committed to implement it by taking into account the economic conditions in the country. He also said Moldova will insist on the implementation of the Package III, but by observing Gazprom's patrimony.

As for the new contract with Gazprom, Lazar said it could be signed by late 2011. Lazar emphasized that "the Russian gaz price, in the worst case, will remain the same, i.e. about 400 dollars per 1,000 cubic metres. Or, in the best case, this price is likely to decrease. Yet, I cannot give you more details."

At the same time, the head of the parliamentary commission for economy, budget and finances, Veaceslav Ionita, said the talks with Gazprom were suspended because "Moldova forgot to inform correctly and in due time its partners about the Energy Package III". Ionita added that the Economics Ministry should have analyzed the impact of this Package and the derogations assumed by Moldova after signing the package.
 

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