The Gazprom Headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Andrey Neguta, Ambassador of the Republic of Moldova to the Russian Federation.

The parties discussed the issues of interaction between Gazprom and the Republic of Moldova in the gas sector. The decennary operation of the Russian-Moldavian Moldovagaz received a positive evaluation.

Background:

Moldovagaz was set up in 1999. The company’s shareholders are Gazprom (50 per cent), the Government of the Republic of Moldova (35.3 per cent), the Pridnestrovian Cabinet of Ministers (13.44 per cent) and minority shareholders (1.23 per cent).

In 2008 the Republic of Moldova was supplied with 2.7 billion cubic meters of Russian gas.

In December 2006 Gazprom and Moldovagaz signed the gas supply contract for 2007–2011 providing that the gas price is annually calculated according to a formula based on the market principles with the use of discounts (in 2009 the discount is equal to 0.8). By 2011 the price will reach the level of average European prices for Russian gas deliveries.