Gas Price to Rise by $430 to $1881 per 1,000 Cubic Meters from September 1

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Gazprom-produced methane imported to Moldova is reported to go up in price by more than $430 (29%) from September 1 to a provisional price of about $1,881 per thousand cubic meters. This is stated in a government message on the latest decision of the Commission for Emergency Situations (CES) chaired by Prime Minister Natalia Gavrilita, writes. Thus, to ensure energy security, the CES decided that SA Energocom would purchase 10 million cubic meters of natural gas in two tranches for storage in Romania. The methane reserves will be purchased and delivered under an EFET-type natural gas purchase and sale agreement concluded between SA Energocom and SA Moldovagaz. For the first tranche, the purchase price will be $1,458.92 per thousand cubic meters of gas (as of August) and will be confirmed by an acceptance certificate between Moldovagaz and Gazprom, which will be supplemented with delivery costs through the SRL Moldovatransgaz transportation system. The second tranche of gas will be bought in September at a provisional price of $1881 per thousand cubic meters, calculated as of August 26, 2022. In other words, according to the CES, starting September 1, the price of gas supplied by Gazprom will increase by $430, reaching the astronomical figure of $1,881 per thousand cubic meters, which is twice as much as in July 2022 and exceeding gloomier forecasts made earlier by Moldovagaz experts and representatives. Point