Moldova faces Gazprom amid $700 million debt dispute

Gazprom suspends gas deliveries to Moldova starting January 1, citing a $700 million debt dispute. This interruption, in the midst of political tensions, underscores the country's energy dependency.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

The Russian energy giant Gazprom confirmed it will halt all natural gas deliveries to Moldova starting January 1, 2025. This decision, announced in an official statement, stems from a longstanding financial dispute between Moscow and Chisinau. Gazprom claims a debt of $700 million, a figure strongly contested by Moldovan authorities.

An Energy and Financial Dispute

The disagreement originates from the historic relationship between Moldova and Gazprom, whose local subsidiary, Moldovagaz, is 50% owned by the Russian group. Following a sharp price increase in 2021, Gazprom demanded immediate payment, but Moldovan authorities commissioned an independent audit. Findings from Western firms tasked with the review estimated the debt at only $8.6 million.

For Gazprom, Moldova’s refusal to settle justifies the suspension of supplies. In its statement, the company noted that it reserves the right to terminate the contract with Moldova altogether if no resolution is reached.

Chisinau’s Response

In response to the impending cutoff, Moldova accuses Moscow of political manipulation. Prime Minister Dorin Recean called the move a “tactic of oppression” and assured that the country is prepared to diversify its energy supply sources. Emergency measures, such as limiting public lighting and rescheduling industrial production hours, have been implemented to reduce consumption.

Despite the gas supply halt, the pro-Russian separatist region of Transnistria continues to receive deliveries. Its thermal power plant provides about 30% of the electricity consumed nationwide, ensuring some stability.

A Political and Geopolitical Challenge

This energy crisis comes as Moldova strengthens its pro-European alignment, underscored by the re-election of Maia Sandu as president. Her victory, overshadowed by accusations of Russian interference, reflects a strategic shift that has significant implications for bilateral relations with Moscow.

Moreover, this suspension occurs as other Eastern European nations, such as Slovakia and Hungary, face pressure due to energy tensions with Russia. Ukraine recently announced it would not renew its gas transit contract with Moscow, adding further uncertainty for neighboring states.

The EU member states agree to prioritise a loan mechanism backed by immobilised Russian assets to finance aid to Ukraine, reducing national budgetary impact while ensuring enhanced funding capacity.
The Canadian government commits $56 billion to a new wave of infrastructure projects aimed at expanding energy corridors, accelerating critical mineral extraction and reinforcing strategic capacity.
Berlin strengthens its cooperation with Abuja through funding aimed at supporting Nigeria’s energy diversification and consolidating its renewable infrastructure.
COP30 begins in Belém under uncertainty, as countries fail to agree on key discussion topics, highlighting deep divisions over climate finance and the global energy transition.
The United States secures a tungsten joint venture in Kazakhstan and mining protocols in Uzbekistan, with financing envisaged from the Export-Import Bank of the United States and shipment routed via the Trans-Caspian corridor.
The United States grants Hungary a one-year waiver on sanctions targeting Russian oil, in return for a commitment to purchase US liquefied natural gas worth $600mn.
Meeting in Canada, G7 energy ministers unveiled a series of projects aimed at securing supply chains for critical minerals, in response to China’s restrictions on rare earth exports.
Donald Trump announces an immediate reduction in tariffs on Chinese fentanyl-related imports from 20% to 10%, potentially impacting energy flows between Washington and Beijing.
Amman plans to launch tenders for 400 megawatts of solar, wind and storage projects, as part of a strengthened bilateral energy cooperation with Germany.
An emergency meeting led by the European Commission gathers key sectors affected by China's export restrictions on rare earths, ahead of a briefing at the European Parliament.
Manila plans to expand gas and renewable energy production to meet a 6.6% increase in electricity demand over the next two years.
Ottawa and London increased bilateral exchanges to structure strategic cooperation on nuclear energy and critical minerals supply chains, as part of Canada’s G7 presidency.
Donald Trump says he secured Narendra Modi’s commitment to end Russian oil imports, adding political pressure to India-Russia trade relations.
Under intense diplomatic pressure from Washington, member states of the International Maritime Organization agreed to postpone by one year the adoption of a carbon pricing mechanism for global maritime transport.
Washington confirms it has mandated the CIA to carry out secret actions against Nicolas Maduro’s government, escalating tensions between the United States and Venezuela amid geostrategic and energy stakes.
Two European Parliament committees propose to advance the full halt of Russian hydrocarbon imports to 2026 and 2027, including oil, gas, and LNG, strengthening the European Union’s geopolitical position.
The COP30 conference hosted in the Amazon by Brazil faces low participation from global leaders, amid geopolitical tensions and major logistical challenges.
The United States has granted Trinidad and Tobago a special licence to resume negotiations with Venezuela on the Dragon gas field, partially lifting restrictions imposed on the Venezuelan energy sector.
Ambassadors of European Union member states have approved the transmission of a legislative proposal to phase out Russian fossil fuel imports by January 2028 to the Council of Ministers.
The State Duma has approved Russia’s formal withdrawal from a treaty signed with the United States on the elimination of military-grade plutonium, ending over two decades of strategic nuclear cooperation.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.