Gazprom plans to recover $246.409 mln debt from Moldovagaz

TASS Russian News Agency | Feb 14, 2020 at 2:38 PM

MOSCOW, February 14. /TASS/. Gazprom appealed to the international arbitration at Russia's Chamber of Commerce submitting a lawsuit to recover a $246.409 mln debt from Moldovagaz for gas delivered in 2017.

This is according to Gazprom's quarterly report.

"In December 2019, Gazprom appealed to the International Commercial Arbitration Court at the Chamber of Commerce and Industry of the Russian Federation with a lawsuit to recover debt for natural gas delivered in 2017 in the amount of $246,409,976 from Moldovagaz (Republic of Moldova)," the report says.

The date for consideration of the claim has not been set yet.

"In 2011-2019, due to non-payments by consumers of Trans-Dniester, the Republic of Moldova's accounts receivable increased even more. Non-payments by these gas consumers lead to a shortfall in funds of Gazprom," the report says.

At the end of 2019, Moldovagaz and Gazprom extended the existing gas supply contract for another year.

Earlier, Russian Deputy Prime Minister Dmitry Kozak said that an agreement had been reached with the Moldavian government that from the beginning of 2020, the republic will be able to buy fuel at $173-175 per 1,000 cubic meters. The Gazprom report notes that since 2008, the price of gas supplied to Moldovagaz has been set quarterly according to the formula taking into account the index of changes in gas oil and fuel oil prices.

By the end of 2019, Gazprom's deliveries to Moldova amounted to 2.89 billion cubic meters, which is 1.7% lower than in 2018.