Page 15 - FSUOGM Week 42 2022

FSUOGM NEWS IN BRIEF FSUOGM

Moldovan utility lends €50mn to and Romania (2,424.57 tonnes for Transnistria says Gazprom will
$3.25mn).
Gazprom's Moldovagaz to pay was imported to Azerbaijan only from cut supplies by 40% y/y in
In January-August 2021, AI-92 gasoline
October gas bill Georgia. AI-92 gasoline is produced in November
Azerbaijan at the Baku Oil Refinery, which
Moldovan state-owned electricity utility has been under scheduled maintenance for Gazprom has decided to reduce the volume
Energocom, with the consent of the 50 days since April 4, 2022. By a decree of of gas supplied to the separatist Transnistria
Commission for Exceptional Situations, the Cabinet of Ministers of Azerbaijan, from region in Moldova by 30% in October and
lent MDL1bn (€50mn) to gas distributor February 1, 2022, to June 1, 2022, customs by 40% in November, compared to the
Moldovagaz in order to help it pay to duties on the import of AI-95 and AI-92 same periods of previous years, the self-
Russia's Gazprom the monthly bill due motor gasoline to Azerbaijan were reduced declared republic’s Minister of Economic
on October 20 covering the unpaid from 15% to zero. Development Sergey Obolonik announced,
consumption of September and a front- quoted by the region’s official website.
payment for October. This has already led to a substantial
The loan is due May 1, 2023, the interest Ukraine triples EU gas imports deficit of 36mn cubic metres for the
is set at the level of the refinancing rate current month, and the expected deficit
(21.5%) and Moldovagaz used as collateral Ukraine tripled its gas imports from the for November is 55mn cubic metres of gas,
the assets of its subsidiary, Moldovatransgaz EU, Ukraine Business News reported on according to Obolonik. This is problematic
– meaning the country’s natural gas October 18. for the rest of Moldova too as it receives
transport network. The Gas Transmission System Operator electricity from Transnistria’s gas-fuelled
Moldovagaz is majority controlled (GTSOU) of Ukraine noted that Ukraine power stations.
by Gazprom, which holds claims worth applied for 3mn cubic metres of gas from The head of Moldovagaz, which is
$700mn (subject to audit) against the the EU on October 14, but increased its controlled by Gazprom, Vadim Ceban,
Moldovan company. request to 9.4-9.5mcm on October 15- claimed that he was not informed about the
Energocom has constantly helped 16, with Ukraine receiving 7.8mcm as of reduction in supplies from Gazprom.
Moldovagaz pay its bills to Gazprom, last October 17. Moldova’s Deputy PM Andrei Spinu
time at the end of September when it paid The GTSOU accepted a booking from warned that the power plant in Transnistria,
in advance for some gas deliveries aimed Russian state-company Gazprom to MoldGRES, is under contract and should
at building up the country's reserves. Soon transport 42.4mcm of gas through Ukraine, supply the amounts agreed under the
after, Gazprom cut the supplies by 30% and Interfax reported on October 18. Gas will contract. But this will certainly not happen
it remains unclear whether the gas ordered only travel through the Sudzha entry point if Gazprom cuts the gas supply. Moldova
by Energocom was actually delivered. and not the Russian-occupied Sokhranivka proper had to give Transnistria some of
In its turn, Moldovagaz is entitled to metering station. its gas immediately after Ukraine stopped
claim that the current end-user price does "Gazprom is supplying Russian gas for electricity exports in order to keep the
not cover the import prices and – even transit through the territory of Ukraine at country’s power grid operating.
if financial corrections are going to be the volume confirmed by the Ukraine side “The leadership of the separatist
approved by the market regulator in the via the Sudzha metering station at 42.4 republic sent letters to Russian suppliers
future – this puts pressure on its cash flow. mcm on October 18, with booking via the with requests, but at the moment we
Furthermore, Moldovagaz estimates that Sokhranivka metering station declined," have to proceed from the existing state of
it still has to collect MDL223mn (€11mn) Gazprom spokesman Sergei Kupriyanov affairs. The only way out is saving,” said
in unpaid bills from its customers, both told reporters. the separatist region’s President Vadim
residential and industrial. The spot price of gas fell due to the Krasnoselsky.
booking as well as mild weather in Europe, The supply to large enterprises in
closing at $627 per thousand cubic metres, Transnistria, such as steel, cement and
Azerbaijan increased imports although this is only for current supplies power plants, has already been reduced.
relating to the mild weather. Gas futures
of AI-92 gasoline by 40 times in for October are currently $1,254 and the Iran, Kazakhstan to resume oil
February contract is $1,600.
January-August on October 4, far from the 19bcm goal.
Ukraine’s gas reserves reached 14bcm
Azerbaijan imported ~0.2mn tonnes of AI- With Russia increasing attacks on Ukraine’s swap abandoned 10 years ago
92 motor gasoline in January-August, which energy infrastructure, particularly nuclear Iran and Kazakhstan have agreed to resume
is 398% more than in the same period last power plants, the country needs to mix an oil swap some 10 years after the deal
year, the government said in a statement. In gas and coal to make up for the energy stalled due to technical difficulties and
value terms, the volume of AI-92 gasoline shortfall. Maksym Timchenko, CEO of disagreements over the division of proceeds,
imports amounted to $223.4mn (an increase DTEK, Ukraine’s largest private investor in Iranian official media reported on October
of 936%). the energy sector, says the country needs 15.
At the same time, 73.5% of the total 2-2.5bcm. The resumption was agreed during
import of AI-92 motor gasoline or 0.15mn “Mixing coal and gas allows us to have Iranian President Ebrahim Raisi’s visit last
tonnes in the amount of $166.6mn was enough generational capacity for the winter week to Astana to attend the 6th summit
carried out from Russia. The rest of the season,” Timchenko stated. of the Conference on Interaction and
volume was supplied from Turkmenistan Confidence Building Measures in Asia
(42,831.33 tonnes for $49.59mn), (CICA).
Kazakhstan (3,526.29 tonnes for $3.9mn) In the local media reports on the

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