News about Energy

European retailers are warning of rising prices and weakening demand due to the protracted conflict in the Middle East. The situation is having a significant impact on fuel prices, logistics, and consumer sentiment.

Prime Minister of the Republic of Moldova Alexandru Munteanu met today, June 18, with representatives of the World Bank to discuss priority projects aimed at strengthening the Republic of Moldova’s energy security, according to a statement from the government’s press office.

Moldovagaz JSC will face penalties if the company fails to fulfill its obligation to establish and maintain natural gas reserves intended for consumers on the left bank of the Dniester.

Global investment in the energy sector is expected to increase by 5% by the end of 2026 compared to last year, reaching $3.4 trillion.

Demand for oil is falling faster than expected. Global supply in the oil market could significantly exceed demand if lasting peace is established in the Middle East. The global oil market could face an oversupply if the agreement between the U.S. and Iran remains in effect and shipments through the Strait of Hormuz begin to resume. This is the conclusion reached by the International Energy Agency (IEA) in its monthly report.

Moldova aims to remove some of the administrative barriers involved in the installation of energy storage systems. This is provided for in a draft law reviewed by members of the Committee on Economy, Budget, and Finance at today’s meeting.

Between 2024 and 2027, 1.4 billion lei will be mobilized through the Moldovan Residential Energy Efficiency Fund (FEERM) to improve the energy efficiency of housing.

Shipping traffic in the Strait of Hormuz will not resume in the coming weeks, despite preliminary agreements between the U.S. and Iran on a peace deal.

European leaders are trying to shift U.S. President Donald Trump’s stance on Ukraine, seeking more active involvement from Washington in supporting Kyiv and new diplomatic efforts to end the war.

The Ministry of Energy has published the annual report on the activities of the Board of Directors of the state-owned enterprise Moldelectrica for 2025.

The Ministry of Energy of the Republic of Moldova and the EIT Urban Mobility Innovation Hub East have signed a Memorandum of Understanding that opens up new opportunities for cooperation in the areas of sustainable mobility, innovation, and the development of modern energy solutions.

On average, the cost of a kilowatt-hour of electricity in Moldova between 2023 and 2026 was $0.177. This figure ranks our country 60th in the world (out of 145 countries surveyed).

The U.S. Department of the Treasury has extended the authorization for transactions involving the shipment to Japan of oil produced under the Russian “Sakhalin-2” project until December 18 of this year.

The government will allocate 10 million lei to implement local development projects under the “Diaspora Acasă Reușește (DAR 1+3)” program in 2026. Funding from the state budget will be provided to 33 initiatives aimed at modernizing infrastructure, improving energy efficiency, and enhancing the quality of life in the country’s communities.

The mandatory natural gas reserve level that MoldovaGas JSC must establish and maintain for the left bank of the Dniester has been set at 15% of the region’s average annual natural gas consumption by end users. The calculation is based on consumption data from the past five years.

A bipartisan bill aimed at strengthening Moldova’s energy security and reducing its dependence on Russian energy resources has been introduced in the U.S. Congress, the Ministry of Energy reported.

The transit of fuel from outside the EU through Romania to Ukraine and Moldova is hampered by the requirement to provide a financial guarantee for transport within the EU.

Natural gas consumption in the Republic of Moldova fell significantly in May as temperatures rose and the demand for heating from households and businesses declined.

A new-generation oil refinery will be built in Azerbaijan over the next 5–6 years.

Upon his return from Azerbaijan, Moldovan Energy Minister Dorin Junghietu stated that the country plays a crucial role in ensuring the energy security of the European market.