Vadim Cheban
“I do not share the confidence that the economy’s energy needs will be met in the coming years by solar and wind power, supported by energy storage capacity. This will not be possible even in the EU,” says Vadim Cheban.
He noted that the food, pharmaceutical, chemical, and manufacturing industries, as well as the development of artificial intelligence, all depend on an uninterrupted supply of cheap energy. Therefore, when considering the prospects for natural gas, it is necessary to take into account the growing demand for fertilizers to ensure food security. And fertilizer production depends on the gas industry.
For these reasons, he believes that natural gas will play an important role in the global energy balance for at least the next 10–15 years.
“Economic processes are based on mathematical reasoning, and investments migrate toward low production costs. Any modern economic model needs energy to grow. The price of energy resources is and will remain a decisive factor in attracting industrial and technological investments,” emphasized the chairman of the board of “Moldovagaz.”
He also noted that the example of how rising energy prices have affected German industry can help illustrate how important it is to achieve competitive natural gas prices in the coming years.
“Investments in the Republic of Moldova will come only when we manage to offer more competitive energy prices and uninterrupted supplies, as well as reduce emissions,” stated Vadim Cheban.
He added that in order to make Moldova an attractive place for investment, it is necessary to determine how we can meet our energy needs at the lowest possible prices.
“This is not just about the energy sector; it’s about our future,” he concluded.
