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Gazprom will halt gas supply to Moldova in 48 hours – spokesman

“Today is the scheduled date of payment. Yet, there is no payment,” Sergey Kupriyanov, Gazprom board chairman’s spokesman, said in a statement, adding that the energy giant is “extremely disappointed” with Moldova’s failure to fulfill its obligations under the recently extended contract.

The deal was struck in late October following weeks of stalled talks that almost led to an energy crisis in Moldova. Eventually, the contract was extended for five years and the Russian giant started pumping gas to Moldova on November 1.

According to Kupriyanov, Gazprom sought to set “market gas price” for Moldova but eventually had to take account of a “difficult economic and financial situation” in the country as well as Russian President Vladimir Putin’s position.

The company agreed to most Chisinau’s terms, including the discounted price, he said.

The company only demanded that Moldova pay for its current consumption in time, the spokesman added, pointing to the fact that this term was breached and that it has forced Gazprom to take such a decision.

The October contract extension was held up by pricing disagreements and Moldova’s already mounting unpaid bills. At that time, Gazprom said that the sides managed to reach an agreement on “mutually beneficial” terms, including a mutually-agreed “price calculation formula” and Moldova’s debt audit.

Chisinau was close to introducing a state of emergency in case of failed talks.

The tense situation also sparked some allegations that Moscow sought to exert pressure on Chisinau to break up its deal with the EU. Gazprom repeatedly denied such claims, arguing that it simply can’t afford to make a loss on the deal.

Source: RT