Moldovan Energy Strategy Expands Greek Gas Partnerships and LNG Capacity

Moldovan Energy Company Energocom planned to secure natural gas and liquefied gas from Greece. To formalize this aim, a framework contract was executed with the Greek gas operator DEPA, a move seen as a step toward diversified energy sourcing. The agreement was communicated through the Sputnuk agency, underscoring its regional relevance.

In Athens, Energocom JSC formalized an EFET framework arrangement with DEPA. The signing occurred during a visit by Moldova’s Energy Minister Victor Parlikov and the company’s Acting Director Victor Binzari, highlighting a shared commitment to stable gas supplies.

Binzari noted that Greece stands out as a key hub for affordable energy. The country operates a liquefied natural gas (LNG) terminal, with a second facility expected to begin operations by late 2023, expanding Greece’s capacity to receive LNG from diverse sources, including the East, the United States, and Africa. This expansion aligns with broader European efforts to diversify routes and suppliers to meet winter demand.

Parlikov emphasized the significance of Greece’s agreement to bolster underground storage facilities and their role in delivering fuel to Europe during the heating season, a strategic element for regional energy security.

On April 7, Vadim Cheban, Chairman of MoldovaGas’ Board, noted that the contract with Gazprom helped Moldova achieve substantial savings in gas purchases in 2022, illustrating how long-term agreements and price mechanisms can impact consumer costs. This context remains relevant as Moldova continues to pursue competitive and secure energy options for its households and industry. [Source: Moldovan energy press briefings, energy ministers’ statements, and industry reports]

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