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29

Moldova Ready To Buy Russian Gas On Market Price

Moldova has reached an agreement over gas prices with Russia

Moldova has reached an agreement over gas prices with Russia, after argues upon gas prices, which led to cutting off supplies.

Moldova will pay $110 per 1,000 cubic metres of natural gas, compared with the previous price of $80.

Russian gas giant Gazprom is negotiating the deals and had cut off supplies to Moldova after its initial offer of $160 per 1,000 cubic metres was rejected.

In previous years, state-owned Gazprom has sold gas at less than market prices to nations that were once Soviet Union members.