Moldova

Moldova signs 30 million euro deal with France for energy efficiency

After meeting her French counterpart Emmanuel Macron, Moldovan President Maia Sandu announced that the French Development Agency and Moldova signed a deal worth 30 million euros ($32.5million) on Monday. The agreement aims to improve energy efficiency in the post-Soviet country. Sandu said at a joint press conference that the agreement with Agence Francaise de Developpement would help "reduce energy wastage, lower costs and increase our energy independence". The pro-European Moldovan government accused Russia of creating a fake energy crisis in order to destabilize the country before parliamentary elections. This came after Russian gas producer Gazprom halted exports of its product

Fossil Fuels

Ukraine gas imports will rise by 8% on February 2, driven by freezing temperatures and Russian attacks

Breakaway Moldovan Region claims it received gas supplies backed up by Russian loan

Separatist authorities announced on Friday that the pro-Russian Transdniestria region of Moldova, which is a breakaway region, has begun receiving gas under a Moscow loan. Transdniestrian leader Vadim Krsnoselsky stated in a Telegram statement that the Russian loan assistance as well as cooperation with Russia's Ministry of Energy made gas deliveries possible. The Russian gas flow to Transdniestria through Ukraine ceased at the beginning of January after Ukraine refused to renew a transit contract. Earlier this month, the Moldovan Prime minister Dorin Recean stated that his country will not block gas flows to the region. The Swiss-based MET Group subsidiary

Fossil Fuels

Ukraine gas imports will increase by a third on Wednesday following Russian attacks

EU provides 250 million Euros to Support Energy Security in Moldova

The European Commission announced on Tuesday that the European Union would provide Moldova with 250 millions euros by 2025 to help with energy bills as well as build further energy resilience. The European Commission announced that the funding was part of a strategy of two years aimed at "decoupling Moldova's energy supply from Russian insecurity and fully integrating the country into the EU energy markets". It said that the EU would provide 100 million Euros by mid-April. The EU will also provide 60 million Euros to the people of Transdniestria, a region backed by Moscow and a separatist region. This

Oil & Gas

Moldovan opposition leader forms coalition against Sandu in parliament elections

The Moldovan opposition leader, Alexandr Stoianoglo who lost the presidential vote held in November, announced on Friday that he would lead a coalition consisting of three parties against the pro-Western majority ruling at the parliament elections this year. Last year, the former prosecutor general was closer than anyone expected to unseating pro Western President Maia Sandu. She lost in a runoff after campaigning on a balanced foreign policies that looked to Russia and West. He was backed by a pro-Moscow party. The election is expected to be a close one and could result in Sandu's pro Western PAS party losing

Moldova's separatist region says gas running out