This after winning the tender for gas delivery for May 2024, initiated by Moldovagaz on the electronic trading platform managed by BRM East Energy SRL, the local branch of the Romanian Stock Exchange.
A price formula, like the one in the contract with Gazprom
“Thus, around 20 million cubic meters of gas will be delivered in May, based on a formula established by Moldovagaz, which includes the TTF Front Month index”, Energocom informs. The formula is practically identical to the one in the current contract with Gazprom, claim some market sources.
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Liberalization begins: Moldovagaz will procure 20 million cubic meters of gas through the exchange
Until now, during the state of emergency, the Commission for Extraordinary Situations obliged Moldovagaz to procure gas from Energocom, citing energy security arguments.
It is the first auction in which Energocom participates on the BRM East Energy SRL platform, and it claimed that it was the only bidder, then corrected that there were three participants, but our sources say four companies.
“The exact price will be known on May 1, as it is determined by the daily closing average of TTF indicators for the following month (Month Ahead).
