News about Energy

Moldovan Prime Minister Alexandru Munteanu met today with Bulgarian Prime Minister Rumen Radev.
The meeting took place on the sidelines of the South-East European Cooperation Process (SEECP) summit, which is being held in Sofia.

Consumer inflation in the U.S. accelerated to 4.2% year-over-year in May—the highest level since April 2023.

Kazakhstan’s partners are asking it to increase oil supplies despite the OPEC+ deal’s production limits, Energy Minister Yerlan Akkenzhenov said. To boost oil production and supplies, Kazakhstan has postponed maintenance work at the Kashagan oil field until 2027.

According to estimates by the analytical firms Vortexa, Kpler, and Energy Aspects, approximately 1 million barrels of oil per day will be drawn from reserves in the coming months.

There are currently about 11,000 electric vehicles and more than 81,500 hybrid vehicles, including plug-in hybrids, in the Republic of Moldova. If current growth rates continue, the number of electric vehicles in use in our country could double by 2030. Therefore, it is necessary to accelerate efforts to develop the infrastructure.

Energy Minister Dorin Junghietu stated that the Republic of Moldova has transformed from an energy-vulnerable country into a more resilient one, thanks to the diversification of its energy supply sources and the strengthening of ties with the European market.

In 2025, the Council for the Promotion of Investment Projects of National Importance (CEIISS) adopted 152 decisions following the review of approximately 300 new applications and cases carried over from previous periods. Of the total decisions, 50 were rejections.

Moldovagaz JSC will continue to supply natural gas to the Transnistrian region until December 31, 2026. This was announced by the National Energy Regulatory Agency (ANRE) in connection with the extension of the company’s appointment, approved today by its Supervisory Board.

The Baku-Tbilisi-Ceyhan pipeline (BTC) has transported about 557 million tons of Azerbaijani oil over the 20 years of its operation.

Deputy Prime Minister, Economic Development and Digitalization Minister Eugeniu Osmochescu will head a joint intergovernmental commission for cooperation between Moldova and the German state of Baden-Württemberg.

Moldova took an important step towards energy independence in the first quarter of 2026, when domestic electricity production covered about 52% of national consumption.

Exchange prices for gas in Europe began the new week with a noticeable growth, breaking the mark of 600 dollars per thousand cubic meters, for the first time since mid-May, follows from the data of the London exchange ICE. In the morning, the figure is 607.9 dollars (+4.6%). Dynamics of quotations is given from the estimated price of the previous trading day – 581.4 dollars per thousand cubic meters.

Moldova will modernize 20 rural model schools. 50 million euros will be allocated for renovation, digitalization and energy efficiency of educational institutions.

Nigeria, Niger and Algeria have commenced construction of the 4128 kilometer Trans-Sahara gas pipeline to reduce the European Union’s (EU) dependence on Russia.

British Airways is preparing to increase prices for air tickets due to rising fuel costs amid the conflict in the Middle East. This is reported by Bloomberg with reference to the airline’s CEO Sean Doyle.

Financing for renewable energy projects in the Baltic and Eastern European countries is now available, and the main challenge is not finding money, but power consumers.

The National Energy Regulatory Agency (NERA) reported that retail prices of major petroleum products continued to decline throughout the past week.

Following a large-scale study tour of Moldovan MPs to China, another group of MPs continues its diplomatic mission to the United States of America. The visit brought together representatives of different political factions.

This morning, Zaporizhzhya TPP came under heavy shelling. This poses a serious threat to the power supply to Zaporizhzhya NPP, which is controlled by Russian armed forces.

Moldova is actively buying technology from China to increase renewable energy production and storage capacity. However, the European Union warns that the move could be risky.