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Russian energy giant to suspend gas exports to Moldova
The Straits Times
|December 30, 2024
Russian energy giant Gazprom said on Dec 28 that it would suspend gas exports to Moldova from 5am GMT (1pm Singapore time) on Jan 1 owing to unpaid debt by the country, which is bracing itself for severe power cuts.
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It said the company reserved the right to take any action, including terminating the supply contract with Moldova.
Russia supplies Moldova with about two billion cubic metres of gas a year. It is piped via Ukraine to the breakaway region of Transnistria, where it is used to generate cheap power that is sold to government-controlled parts of Moldova.
Moldovan Prime Minister Dorin Recean condemned the Russian decision. The move is a precursor to a total shutdown of Russian gas exports via Ukraine and to Europe - where it flows further to Slovakia, Austria, Hungary and Italy - once a current transit deal with Ukraine expires on Dec 31. Moldova will be hit the hardest by the shutdown.
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