Energocom company of Moldova starts preparations for next cold season

Chisinau, 25 July /MOLDPRES/ - The Energocom stock company started the procedures of preparation for the cold season and more steps were undertaken for ensuring Moldova’s energy security in the next winter. In this respect, Energocom informed that it discussed with more operators of the region, in order to get good prices for the end consumers. The company also said that the contract and the schedule on injection with the gas deposit of Romania, Depogaz, had been already signed.    

Another action carried out by Energocom regards the preparation of tenders, in which as many as possible companies should participate.  

Under the legal framework, the Energocom stock company is the entity in charge of the creation and maintaining of the security stocks of natural gas, which represents about 47 million cubic metres (or equivalent of the ten-day consumption in winter). These security stocks are provided for emergency situations. Also, till 1 October, Moldova is to store about 15 per cent of the annual average consumption of the end consumers, thus aligning with the European practices. This measure means in figures another 102.4 million cubic metres of gas.     

The stocks of gas are meant to attenuate the price shocks, with the gas due to be purchased when the prices are usually lower, in order to be used on the winter period, with larger consumption, thus providing the consumers with predictable prices.  

„Energocom has enough experience and has a portfolio of partners, from which we can bring gas from different sources, at competitive prices,’’ the director of Energocom stock company, Victor Binzari, said.  

In the summer of 2022, the EU countries committed to store in their underground deposits gas from Europe gas at the minimal level of 90 per cent of their capacities, in the case of the state which have deposits or in the case of the countries which do not have such installations they would have to deposit 15 per cent of their annual internal consumption of gas in other member states. 

The cost of the gas security stocks in Moldova are paid by all participants on market, under a decision by the National Energy Regulatory Agency, proportionally to the volumes of natural gas provided to the end consumers.