Of the total loan amount, up to EUR 200 million is set aside for the immediate purchase of gas in case of supply problems.
The European Bank for Reconstruction and Development (EBRD) is giving Moldova a loan of up to 300 million euros to prepare an uninterrupted supply of natural gas. This was announced yesterday by the press service of the institution.
A tranche of up to 200 million euros is provided for emergency purchases in case of supply problems, as well as 100 million euros for measures to diversify gas supplies and storage. , which Moldova uses to accumulate strategic reserves at storage facilities in Romania or Ukraine.
The funds will be received by the state company Energocom.
“The debt will finance up to a fifth of Moldova’s planned gas imports for 2022, which could stop as a result of the war with Ukraine. Currently, all these imports are from Russian Gazprom under a contract that will expire in 2026, ”the statement said.
Earlier in June, NJSC Naftogaz of Ukraine also received a EUR 300 million loan from the EBRD. These funds should pay for the loss of natural gas production after Russia’s invasion of Ukraine.
Russia and Belarus have been denied access to EBRD resources
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Source: korrespondent
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