Chisinau is inconsistent in its gas talks with Gazprom — expert

Asia's Tech News Daily

Economic expert Viorel Gyrbu believes that Moldova's problems in negotiations with Gazprom are related to politics

CHISINAU, October 27. /TASS/. The Moldovan government is inconsistent and incompetent in holding talks on gas contracts, economic expert Viorel Gyrbu said in an interview with the Moldovan TV channel N-4 on Wednesday, commenting on the government's decision to buy gas from Poland and the Netherlands at a higher price than from the Russian gas holding Gazprom.

“They are holding talks with Russia incompetently. Their main argument is that we are poor, so you should sell us gas at the limit of our purchasing power. At the same time, we make very expensive purchases, even luxurious ones,” Gyrbu said.

As an example, he mentioned the recent statement of Prime Minister Natalia Gavrilitsa, who admitted that Moldova had bought 1 mln cubic meters of gas from Poland at a price of $1,000 per 1,000 cubic meters, which is twice as expensive as the price offered by the Russian company.

Gyrbu believes that Moldova's problems in negotiations with Gazprom are related to politics. “I fear that we are involved in a more complex game, we do not control, and that we are led by various political currents that pass through the region. We allow ourselves to participate in geopolitical games, and this is a risk,” the expert said.

Difficult talks

Moldovan Deputy Prime Ministers Andrey Spinu and Vladislav Kulminsky held negotiations with Gazprom last week on a new, long-term deal but came up empty. They will continue on Wednesday. Spinu arrived in St. Petersburg to meet with Gazprom CEO Alexei Miller.

The Russian gas giant is asking Moldova to pay off its $709-mln debt. Chisinau was offered an option to defer payment of what it owes. Gazprom is also ready to provide a 25% discount on gas, but Moldova is not yet ready to take advantage of this.

During the negotiations, the parties extended the current gas supply agreement until the end of October. This month, Moldova is importing gas at a market price of about $790 per 1,000 cubic meters. Chisinau is seeking to lower the cost of gas to an average of $200-300 per 1,000 cubic meters. Last year, the country paid an average of $148 for the same volume. Gazprom is ready to prolong the contract for November if Moldova pays in full for the September and October supplies. At present, some of Moldova’s enterprises have switched to fuel oil, and a state of emergency has been introduced in the country. The former Soviet state has begun to look for alternative gas suppliers.

Internet Explorer Channel Network
Asia's Tech News Daily
News Related

OTHER NEWS

Real estate developer Evergrande under pressure again on Hong Kong stock exchange

Photo: ANP Debt-plagued property developer China Evergrande Group plunged again on the Hong Kong stock exchange on Wednesday. The company missed another payment deadline. Investors put their shares up for ... Read more »

Angel Investors vs. Venture Capitalists: Who Should You Go For?

Do you have a multi-billion business idea that you think will change the world? Or a business proposal that's sure to make you a millionaire. Everyone experiences that sometimes. The ... Read more »

Global venture firms look to invest in Web3, blockchain startups in India

Cryptocurrency (Representative image) Global venture capital firm Antler  plans to invest up to a third of capital investment planned in India in backing Web 3, as the new version of ... Read more »

Yuan hits 3-year high amid central bank easing bets

The yuan has gained 2.7 per cent this year, making it the best performer among major currencies. HONG KONG (BLOOMBERG) – China’s yuan advanced to the strongest since May 2018, ... Read more »

Meta to skill 1 crore small businesses, 2,50,000 creators in India

(Image Courtesy: Reuters) Meta (formerly Facebook) on Wednesday said it aims to skill 1 crore small businesses and 2,50,000 creators over the next three years in the country through its ... Read more »

RBI Monetary Policy: What market experts are saying

RBI Monetary Policy: Impact on markets The Monetary Policy Committee on December 8 retained the key lending repo rate at 4 percent for the ninth consecutive session, in line with what the ... Read more »

Kellogg's union rejects offer of 3 percent raises, will remain on strike

Kellogg’s said it will now move forward with plans to start hiring permanent replacements for the striking workers. Read more »

Man appears for interview in friends' clothes, bags job and new suits for friends; LinkedIn post reveals

The interview was being taken over a video call. (File photo) Entrepreneur Vishal Bhardwaj was interviewing candidates for an internship when he came across a youth from Jharkhand who stood ... Read more »

Regulatory regime needs to be simple to avoid fresh litigations: Sunil Mittal

Bharti Airtel Chairman Sunil Mittal said that investors in OneWeb “should break even 24 months date of full commercial service” (Image: Reuters) Bharti Airtel Chairman Sunil Mittal on Wednesday said ... Read more »

China's factory inflation seen easing from peak in November

HONG KONG (BLOOMBERG) – China’s factory inflation may have peaked and started slowing in November, providing some relief for companies and making room for the central bank to do more ... Read more »

Invesco may favour Zee-Sony deal if promoter stake does not exceed 4% at merger: Sources

Zee Entertainment Enterprises | The company reported higher profit at Rs 270.2 crore in Q2FY22 against Rs 94 crore in Q2FY21, revenue increased to Rs 1,978.8 crore from Rs 1,722.7 ... Read more »

Singapore, EU in talks on strengthening bilateral digital trade, forming partnership

Minister-in-charge of Trade Relations S. Iswaran is in Brussels to co-chair a trade committee meeting under the EU- Singapore Free Trade Agreement. SINGAPORE – With an eye on tapping further ... Read more »

RBI monetary policy: Shaktikanta Das enhances VRRR auctions, says liquidity will be rebalanced in 'non-disruptive' manner

FIle photo of RBI Governor Shaktikanta Das Reserve Bank of India (RBI) Governor Shaktikanta Das on December 8 announced that the variable rate reverse repo (VRRR) auction amount will be progressively ... Read more »

Seoul's average apartment price jumps twofold under Moon government: civic group

This Nov. 15 file photo shows a bird’s eye view of an array of apartment compounds in Seoul. Yonhap The average price of Seoul apartments has soared more than twofold ... Read more »

CPP meet: Congress to seek discussion in Parliament on border situation

19 Opposition parties including Congress will jointly launch a protest against the Centre (File image: PTI) The Congress will seek a full-fledged discussion in Parliament on the border situation and ... Read more »

Mobile industry to play key role in India's vision for $5 trillion economy by 2025: Kumar Mangalam Birla

Rank 4 | Kumar Mangalam Birla & family | Company: Aditya Birla | Donation: Rs 377 crore | Primary cause: Healthcare (Image: Aditya Birla) The mobile industry will play a ... Read more »

Automobile retail sales remain in slow lane in November: FADA

Universal Autofoundry | The company on October 1 will consider the issue of bonus shares, and migration from BSE SME Segment to the Main Board of BSE. Automobile retail sales ... Read more »

Reliance Chairman Mukesh Ambani outlines importance of digital revolution at India Mobile Congress 2021: Read full text of his speech

Mukesh Ambani, Chairman, Reliance Industries Reliance Industries (RIL) Chairman and Managing Director Mukesh Ambani in his keynote address at the inauguration of India Mobile Congress 2021,on December 8 put much emphasis on the ... Read more »

RBI Monetary Policy: Normal dispensation under MSF likely from January 1

RBI Governor Shaktikanta Das (file image) The Reserve Bank of India (RBI) has proposed to return to the normal dispensation under the Marginal Standing Facility (MSF), Governor Shaktikanta Das said ... Read more »

5G rollout should be India's national priority: Reliance Chairman Mukesh Ambani

Mukesh Ambani, Chairman, Reliance Industries Roll-out of 5G should be India’s national priority, said Mukesh Ambani, Chairman & Managing Director, Reliance. He said that India must complete the migration from ... Read more »

Trade ministry eases rules for export firms

gettyimagesbank By Lee Kyung-min The government will simplify the administrative procedures for exporters of Korea’s key goods, as part of an expanded compliance program (CP), whereby 156 businesses abide by ... Read more »

AFM: investors in cryptos often do this with small amounts

Photo: ANP Investors in cryptocurrencies such as bitcoin usually seem to do this with small amounts. An extreme fall of 90 percent of the coins could cause problems for approximately ... Read more »

Asian shares advance as easing virus fears boost Wall St

The Associated PressA man walks by an electronic stock board of a securities firm in Tokyo, Wednesday, Dec. 8, 2021. Stocks advanced Wednesday in Asia after another broad rally on ... Read more »

Evergrande crisis is no Lehman moment for rising Chinese markets

HONG KONG (BLOOMBERG) – For all the warnings earlier this year that China Evergrande Group’s debt crisis would become the country’s Lehman moment, the developer’s landmark payment failure on Monday ... Read more »

GSK, Medicago close to releasing the world's first plant-based COVID-19 vaccine

Photo by: Fuzzyrescue/Pixabay GSK and Medicago are now closer to debuting the world's first plant-based COVID-19 vaccine after the completion of phase 3 clinical trial for the efficacy and safety ... Read more »

Corporations concerned about commercial parties that build social rental homes

Aedes, the association of housing associations, is concerned about commercial parties that build social rental housing. They have to comply with fewer rules than housing associations and after a while ... Read more »

RBI Monetary Policy: UPI cap on IPO, gilt investments raised to Rs 5 lakh

BHIM is an Indian mobile payment app developed by the National Payments Corporation of India, based on the Unified Payments Interface. Retail investors will now be able to make UPI ... Read more »

McDonald's debuts Mariah Carey holiday merchandise line ahead of Mariah holiday menu launch

Photo by: McDonald’s Press Release McDonald's keeps the surprises coming for the holidays, and this time, it unwrapped a new line of merchandise featuring Mariah Carey. The items are just ... Read more »

RBI Monetary Policy: Here are the key announcements made by Governor Shaktikanta Das

FIle photo of RBI Governor Shaktikanta Das The Reserve Bank of India’s monetary policy committee (MPC) has left key rates unchanged, keeping the repo rate at 4 percent while maintaining ... Read more »

(LEAD) Proportion of 1-person households hits record high of 32 pct last year

(ATTN: UPDATES with more info in paras 4, 12-17; CHANGES headline) SEOUL, Dec. 8 (Yonhap) — The proportion of one-person households in South Korea hit a fresh record high last ... Read more »

KFC testing new mambo dipping sauce in three US cities

Photo by: KFC Press Release KFC is currently testing a new dipping sauce called the “Sweet Hot Capital City Mambo Sauce.” The popular chicken restaurant has released the sauce in ... Read more »

Indian rupee slips 5 paise against US dollar in early trade

Representative image The rupee declined 5 paise to 75.49 against the US dollar in opening trade on Wednesday as persistent foreign fund outflows kept the pressure on the local unit. ... Read more »

Error at Amazon web store resolved

Photo: ANP The malfunction that affected various services of web store Amazon on Tuesday has been resolved, the company reports on Wednesday. According to Amazon Web Services, “the underlying issue ... Read more »

Buy Greenpanel Industries: target of Rs 510: Sharekhan

Sharekhan’s research report on Greenpanel Industries Pan-India residential launches and sales grew strongly y-o-y and q-o-q in Q3CY2021, while inventory fell sequentially. We expect residential segment to drive MDF/plywood demand ... Read more »

Budget 2021 EPF tax impact: Investors shifting surplus to NPS, albeit slowly

Representative image Finance Minister Nirmala Sitharaman did not introduce new taxes or the dreaded COVID-19 cess in Union Budget 2021, as was speculated, much to taxpayers’ relief, but her employees’ ... Read more »

DSP Nifty Midcap 150 Quality ETF new fund review: Should you invest?

Passive funds are being launched by their dozens now. The latest to join the list is DSP Nifty Midcap 150 Quality 50 ETF (DQ50). Should you invest the new fund ... Read more »

Recovery on horizon for Singapore firms amid Covid-19 pandemic: SBF survey

SINGAPORE – After a turbulent two years of absorbing blows from Covid-19, Singapore businesses are in better shape to bounce back, according to a survey whose findings were released on ... Read more »

Household debt, inflation cited as biggest risks to financial system: BOK survey

SEOUL, Dec. 8 (Yonhap) — One out of five financial experts cited high household debt and inflationary buildup as the biggest risks to the financial system, a survey showed Wednesday. ... Read more »

Equity markets are down 7% from recent highs: Should you invest more now?

Our markets are hitting air pockets these days. Since making new all-time highs in October this year, the indices have fallen close to 6 percent now. What should we investors ... Read more »

Six e-commerce giants including Amazon, Flipkart falling short on clean air commitments: Study

(Representative image: Shutterstock) Six major e-commerce and delivery giants — Amazon, Walmart, Flipkart, UPS, DHL, and FedEx — have been found to be falling short on clean air and climate ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic