Moldova to extend the contract with Gazprom on the import and transit of gas.

   In 2016 it will continue to apply the European formula for calculating the gas price for Moldova consumers. The remaining contractual terms of delivery and transit of gas will also remain unchanged, the press-service of JSC "Moldovagaz".
The company JSC "Moldovagaz" extended for 2016 contracts with "Gazprom" on gas supply to the country and to its transit through the territory of the republic, said on Thursday the press service of the Moldovan companies.

  "Duration of the contract between PJSC" Gazprom "extended by mutual agreement until 31 December 2016. To this end, the parties signed an addendum to the contract on the terms of the supply of natural gas to Moldova in 2007-2011 and to the contract on natural gas transit conditions in the territory of the republic in 2011, "- said in a statement," Moldovagaz ".

  Thus, the company points out, in 2016 will continue to apply the European formula for calculating the gas price for Moldova consumer, which is based on the arithmetic mean price of gas sales "Gazprom" in the CIS countries and the prices of petroleum products quotations. "The remaining contractual terms of delivery and transit of natural gas will also remain unchanged", - stated in a press release.

  "Gazprom", which owns 50% of JSC "Moldovagaz", is the main supplier of gas to Moldova. Signed in November last year addendum to the contract for 2015 provided for the preservation of the supply volume to the 2014 level, the ─ nearly three billion cubic meters.