Moldova will not be able to pay off Gazprom until October 1

Deputy Prime Minister of Moldova: Chisinau will not be able to pay off Gazprom until October 1 Gazprom agreed that the audit of Moldova's debt was extended until October 1, but the authorities of the republic reported that it was impossible to meet this deadline and pay off debts, asking to extend the audit until October 31 March 2023

The government of Moldova will not be able to complete the audit of the debt to Gazprom; until October 1, said Deputy Prime Minister Andrei Spinu in his Telegram.

He said that on August 30, he discussed with the head of the Russian company Alexei Miller the situation with gas supplies for the next period: conducting a debt audit, the solvency of Moldovagaz; with high fuel prices and prospects for supplies by winter.

«Gazprom» confirmed gas volumes for September and extended the audit until October 1. In this regard, we reported that it is not possible to conduct an audit before October 1, and confirmed the need to extend the deadline until March 31, 2023, — wrote to Spin.

“Moldovagaz” failed to fulfill contractual obligations to Gazprom; in advance for the August deliveries and asked to postpone the payment date to September 1. The company agreed.

On August 30, Spinu reported that Chisinau had found a way to pay Gazprom; advance payment for fuel delivered in August. Moldovan state enterprise “Energocom” will purchase from the gas distribution company “Moldovagaz” 10 million cubic meters m for $16.6 million

In autumn 2021, Gazprom and “Moldovagaz” signed a five-year supply contract. The calculation formula laid down in the contract is based on exchange prices, in connection with which the cost of gas varies from month to month. Under the terms of the contract, Chisinau must audit the debt and repay the debts. “Gazprom” evaluates the debt of “Moldovagaz” at $709 million, including late fees. Chisinau does not agree with this amount and intends to conduct an audit.

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In August this year, Moldova signed an agreement to conduct an independent audit of the debt of Moldovagaz; before “Gazprom” with the Norwegian company Wikborg Rein Advokatfirma AS and the British Forensic Risk Alliance & Co.

Norwegian and British companies have committed to audit the debt for Russian gas supplied to Moldova by January 30, 2023.

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