Moldova Unable to Prepay Russian Natural Gas in August

Moldova Unable to Prepay Russian Natural Gas in August

Moldova is not able to pay for natural gas from Russia’s Gazprom PAO in August and will have to hope for a deferral, according to the state gas company’s head, Reuters reported.

A five-year contract between Moldova and Gazprom began on November 1 last year, and prepayment is due by the 20th of each month.

“I can tell you right now that we are unable to pay,” Moldovagaz Chairman Ion Ceban told the Moldovan news site NewsMaker. “We will cover July, but we cannot make the advance payment for August. That is clear.”

According to Ceban, the small ex-Soviet country, which has been struggling to pay its gas bills over the past year, hopes to reach a new agreement in the fourth quarter.

“The only thing that can help us at the moment would be deferring payment of this sum until the fourth quarter,” NewsMaker quoted him as saying.

A deferred payment request had been made by Moldovagaz last week, but no response had been received.

Moldovagaz has been warned twice by Gazprom that it could stop receiving supplies due to payment delays in the past year.



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