Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Moldova to ship first 3 mcm of gas to breakaway region on Saturday, company says
    Headlines

    Moldova to ship first 3 mcm of gas to breakaway region on Saturday, company says

    Moldova to ship first 3 mcm of gas to breakaway region on Saturday, company says

    Published by Global Banking and Finance Review

    Posted on January 31, 2025

    Featured image for article about Headlines

    By Alexander Tanas

    CHISINAU (Reuters) - Moldova on Saturday will send 3 million cubic metres (mcm) of gas to its separatist enclave Transdniestria, the first fuel supply to the area since end-December, when gas transit through Ukraine was halted, a Moldovan industry official said on Friday.

    The delivery will start in the morning and it is intended to fill the Transdniestrian gas system, which is already experiencing a shortage of gas to maintain pressure.

    "According to the contract between Moldovagaz and Tiraspoltransgaz, this volume of gas is provided as a debt to be repaid by March 1, 2025," Moldovagaz CEO Vadim Ceban told Reuters.

    Tens of thousands of people in the region have been without gas or winter heating since Jan. 1, when Russia's Gazprom suspended gas exports to the region, citing an unpaid Moldovan debt of $709 million that Chisinau does not recognise as valid.

    Moscow blames the suspension of gas supplies on pro-Western Moldova and Ukraine, which refused to extend a five-year gas transit deal that expired on Dec. 31, on the grounds that the proceeds help fund Russia's invasion.

    Moldova's authorities have said that despite a valid contract and the option of an alternative transit route, Gazprom is refusing to supply gas in order to destabilise its government ahead of this year's parliamentary elections.

    MORE SUPPLY

    This 3 million cubic metres will precede a larger gas supply, paid for by the European Union, which issued 30 million euros ($31.14 million) to provide Transdniestria and Moldova with both heat and electricity.

    Alexandru Slusar, a member of the Administrative Board of the Moldovan state-owned Energocom company, told Reuters that 20 million euros would be used to buy gas for Transdniestria and 10 million euros will be spent by Chisinau to buy electricity on the exchange in Romania.

    A Moldovan industry source said that Tiraspol would buy gas from the Moldova's Energocom at an average rate of 3 mcm per day in February 1-10 and Moldovagaz would deliver this gas to the Transdniestrian company Tiraspoltransgaz.

    It is not clear how the separatist region, which has been receiving free gas from Russia for decades, will ensure gas supply after Feb. 10.

    ($1 = 0.9633 euros)

    (Writing by Pavel Polityuk; editing by David Evans)

    Related Posts
    Russia-China Far Eastern gas route construction progressing, China ambassador to Russia tells RIA
    Russia-China Far Eastern gas route construction progressing, China ambassador to Russia tells RIA
    Europe to vote on scheme to help abortion access
    Europe to vote on scheme to help abortion access
    Analysis-Pakistan's military chief Asim Munir in spotlight over Trump's Gaza plan
    Analysis-Pakistan's military chief Asim Munir in spotlight over Trump's Gaza plan
    Sydney mourners remember slain Rabbi at Bondi Beach funeral
    Sydney mourners remember slain Rabbi at Bondi Beach funeral
    UK to provide financial support to save its last ethylene plant
    UK to provide financial support to save its last ethylene plant
    Doctors in England begin five-day walkout during flu surge
    Doctors in England begin five-day walkout during flu surge
    Belarusian president calls for fast action on Ukraine war while US is engaged
    Belarusian president calls for fast action on Ukraine war while US is engaged
    Alleged Bondi Beach gunman to be charged soon, Australia PM says, as funerals of victims begin
    Alleged Bondi Beach gunman to be charged soon, Australia PM says, as funerals of victims begin
    Swift Anglo-Teck merger approval shows Canada's pro-business shift, dealmakers say   
    Swift Anglo-Teck merger approval shows Canada's pro-business shift, dealmakers say   
    Couple, man who died trying to stop Bondi Beach attackers praised for heroic efforts
    Couple, man who died trying to stop Bondi Beach attackers praised for heroic efforts
    Warner Bros likely to reject $108.4 billion Paramount bid, back Netflix in bidding war, sources say
    Warner Bros likely to reject $108.4 billion Paramount bid, back Netflix in bidding war, sources say
    Stellantis says EU proposals fall short on auto industry's energy transition needs
    Stellantis says EU proposals fall short on auto industry's energy transition needs

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Headlines PostItaly seeks guarantees from Generali over Natixis deal, sources say
    Next Headlines PostEurope to review safety data for Eisai-Biogen Alzheimer's drug

    More from Headlines

    Explore more articles in the Headlines category

    Under Ukraine security guarantees, Western troops could repel Russian forces post-ceasefire, says Germany's Merz

    Under Ukraine security guarantees, Western troops could repel Russian forces post-ceasefire, says Germany's Merz

    Slovaks rally against government moves they see damaging rule of law

    Slovaks rally against government moves they see damaging rule of law

    OpenAI taps former UK finance minister Osborne to lead global Stargate expansion

    OpenAI taps former UK finance minister Osborne to lead global Stargate expansion

    US threatens countermeasures on European service providers after EU fines

    US threatens countermeasures on European service providers after EU fines

    EU drops 2035 combustion engine ban as global EV shift faces reset

    EU drops 2035 combustion engine ban as global EV shift faces reset

    Israeli settler kills 16-year-old Palestinian in West Bank, mayor says

    Israeli settler kills 16-year-old Palestinian in West Bank, mayor says

    FCAS fighter jet "very unlikely" after ministers' talks, source says

    FCAS fighter jet "very unlikely" after ministers' talks, source says

    Campari's parent company settles tax dispute with 405 million euro payment

    Campari's parent company settles tax dispute with 405 million euro payment

    Universal offers to sell Downtown's Curve to win EU approval, source says

    Universal offers to sell Downtown's Curve to win EU approval, source says

    Auto sector divided as EU unveils plans to undo 2035 combustion engine ban

    Auto sector divided as EU unveils plans to undo 2035 combustion engine ban

    Italy's offshore wind push languishes, putting climate goals at risk

    Italy's offshore wind push languishes, putting climate goals at risk

    New Rome metro stations showcase ancient treasures after years of delays

    New Rome metro stations showcase ancient treasures after years of delays

    View All Headlines Posts