• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Gazprom to halt gas supply to Moldova on January 1st

by December 30, 2024
written by December 30, 2024

Investing.com — Russia’s state-owned energy corporation Gazprom (MCX:GAZP) announced on Saturday that it will cease gas supplies to Moldova beginning on January 1, due to an alleged unpaid debt by the European Union candidate country. In response, Moldova has implemented emergency measures in anticipation of potential power shortages.

Gazprom’s online statement indicated that the company retains the right to take additional steps, including the potential termination of its contract with Moldovagaz, the primary gas operator in Moldova. Gazprom owns a majority stake in Moldovagaz. The gas supply cessation will impact the Kuciurgan power plant, Moldova’s largest, located in the pro-Russian Transnistria region, which identifies as separatist.

In response to Gazprom’s announcement, Moldova has accused Moscow of using energy supplies as a political weapon.

Gazprom is the primary supplier for the Kuciurgan plant, a gas-operated facility that generates a substantial portion of Moldova’s electricity. The plant was privatized in 2004 by officials from Transnistria and subsequently sold to a Russian state-owned company. Moldova, which has a government leaning towards the West, has repeatedly voiced complaints about Russian interference and does not acknowledge the privatization of the plant.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
US disburses $3.4 billion in budget aid for Ukraine, Yellen says
next post
S&P 500: A ‘reversion’ trade will occur in 1Q25, Raymond James says

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Trump implies government could cut contracts and subsidies to Musk’s companies

      June 7, 2025
    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 5, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (505)
    • Stock (6,426)

    Latest News

    • Trump implies government could cut contracts and subsidies to Musk’s companies
    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

    Popular News

    • Stock market today: S&P 500 closes at record to wrap up best month of 2024
    • Tech CEOs congratulate Trump on election victory

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy