“If one of the shareholders opposes this reorganisation and refuses to comply with the legal framework of the Republic of Moldova, the government may consider, amongst other things, placing ‘Moldovagaz’ under external administration for a specific period to ensure these measures are implemented. Various options are being considered,” said the minister.
‘Moldovagaz’ comprises 12 companies involved in the distribution of natural gas. The Moldovan authorities are seeking to reorganise them in order to reduce administrative costs and eliminate duplication of functions. According to Energy Minister Dorin Junghiu, the changes could reduce the gas distribution tariff by 1.2 lei. However, the potential impact of the reform on the final cost of gas for households has not yet been specified.
The company has already presented a preliminary restructuring plan, but the final decision must be taken by its shareholders. Gazprom holds a controlling stake in Moldovagaz. The introduction of temporary external administration is currently being considered only as one of several possible courses of action for the government.
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