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The price of Russian natural gas for Moldova in April is $1160 per 1 thousand cubic meters - Andrei Spinu.

The price of Russian natural gas for Moldova in April is $1160 per 1 thousand cubic meters - Andrei Spinu.

The Deputy Prime Minister, Minister of Infrastructure and Regional Development said this while speaking on a TV channel. Thus, he noted that now, after the change of the formula, the cost of gas for Moldova is comparable with the market prices, which have dropped from $1500 to $1350 and $1200 per thousand cubic meters. However, there is still much uncertainty on the market and no one knows what the gas price may be in May. It was reported earlier that in March 2022 Moldova imported gas at $547 per 1,000 cubic meters. But since this month the formula has been changed and now it is made up of 70% of the average monthly gas price of the previous month (TTF front month) and 30% of the price of oil basket. Previously, in the fourth quarter of 2021 and the first quarter of 2022, the ratio in the formula was reversed - 30% to 70%. At the same time, gas prices in Europe renewed their historic highs in March of this year, while oil prices have also increased by 15-20%. // 12.04.2022 - InfoMarket

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