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Energy Minister Dorin Junghietu made this statement in an interview with Radio Moldova: “I do not rule out the possibility of a further adjustment to gas prices before the end of the year.” The minister added, however, that the authorities would make a final decision later; clarity would emerge towards the end of the month, at which point they would assess the situation.
What will the price depend on?
Jungietu cited several factors that could influence the price. It depends on market price trends. Currently, the purchase price of gas contracted for November stands at approximately 84–86 euros per megawatt-hour. By way of comparison, in October it was around 76–78 euros.
Consumption volumes are also important. If the autumn turns out to be mild, demand will fall, and this may ease the pressure on prices. Conversely, a significant drop in temperatures will lead to increased consumption and higher procurement costs.
Furthermore, prices are influenced by the situation on the European market – the fill levels of underground storage facilities in Europe and the start of the heating season in some regions.
Exchange prices, meanwhile, react to geopolitical events. A possible diplomatic resolution to the conflict in the Middle East could ease pressure on the European gas market through supplies of liquefied natural gas from Qatar and the United Arab Emirates.
But Moldova “has no lever with which to influence this”. ‘We must ensure a stable supply of energy resources to the country,’ concluded Dorin Junghietu.
This story was translated with the assistance of artificial intelligence.The translation was also reviewed by the Logos Press editorial team.
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