Finance
Gazprom says it will stop gas exports to Moldova from January 1
Published by Global Banking & Finance Review®
Posted on December 28, 2024
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 28, 2024
1 min readLast updated: January 27, 2026
Gazprom will halt gas exports to Moldova from January 1 due to unpaid debts, potentially affecting European gas supply.
MOSCOW (Reuters) - Russian energy giant Gazprom said on Saturday it would suspend gas exports to Moldova from 0500 GMT on January 1 due to unpaid debt by Moldova.
It said the company reserved the right to take any action, including terminating the supply contract with Moldova.
The supply suspension is a precursor for a total shutdown of Russian gas exports via Ukraine and to Europe, where it flows further to Slovakia, Austria, Hungary and Italy, once the current transit deal with Ukraine expires on Dec. 31.
Russia supplies Moldova with about 2 billion cubic metres of gas per year through Ukraine. This is piped to the breakaway region of Transdniestria which uses the gas to generate cheap power, which it sells on to the rest of Moldova.
Moldova's population of 2.5 million has been preparing for long power cuts since Kyiv said it will not extend its transit contract with Gazprom.
(Reporting by Vladimir Soldatkin; Editing by Andrew Osborn/Guy Faulconbridge)
The main topic is Gazprom's decision to stop gas exports to Moldova due to unpaid debts.
Gazprom is halting exports because Moldova has unpaid debts for the gas supply.
The suspension could lead to a total shutdown of Russian gas exports to Europe, impacting energy supply.
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