OREANDA-NEWS. July 04, 2012. Moldovagaz and Gazprom to prolong the term of validity of the gas supply and gas transit contracts for another three months till the end of 2012. Thus, after the signing of the document, the gas price for consumers of Moldova in Q3 and 4 will be calculated on the European formula based on an average price Gazprom sells gas to non-CIS states and oil products quotations.

Other terms of the supply and transit of the gas remain unchanged. The term of old contracts on gas supply and transit expired on December, 31, 2011. Gazprom and Moldovagaz did not sign the new ones but three times prolonged the old contracts till the end of Q1, 2012 first, then till the end of Q2, 2012 and finally, till the end of 2012.

According to the Vice Premier, Minister of Economy Valeriu Lazar, the parties are planned to prepare and sign the intergovernmental cooperation agreement between RM and RF in the fuel-and-energy sector underlying a new long-term gas supply and transit contract.