Cedigaz News Reports


Moldova ready to supply power to Ukraine in 'gas-to-electricity swap'

Moldova has expressed its willingness to supply power to Ukraine under a "gas-to-electricity swap" by placing generators on its territory and using natural gas from Ukraine for this, Ukrainian media reported, citing a joint statement from the foreign ministers of Ukraine, Moldova and Romania.

"Due to this [the] sides will seek a solution to make gas infrastructure commercially reliable," the statement said.

The three countries' foreign ministries also "agreed to cooperate in mobilizing international funds and assistance for the implementation of these projects, which aim to strengthen energy security, ensure sustainable development in the region, and contribute to achieving the climate transition goals."

The countries are also prepared to work on increasing the efficiency and volumes of goods, especially agricultural produce, transiting from/to Ukraine through Moldova and Romania to Danube ports with increased emphasis and priority on railways, the statement said.

"We also recognize the need to strengthen integrated border management, especially by developing the "Reni - Giurgiulești - Galați" multimodal transport hub through the "Green Corridor" initiative. We agree that the authorities responsible for customs and transport policies of our countries should work together to create a unified digital system to facilitate the crossing of state borders by transporters of goods as part of developing the North-Center corridor, together with measures for enhanced cooperation between border police, immigration and other management authorities," the statement said.

The ministers said they are determined "to identify and employ sufficient resources for developing a proper and efficient infrastructure in our common border crossing points and in their proximity," the statement said.

Ukraine's energy system is operating with outages due to damage inflicted on power plants. The European Union's ambassador to Ukraine, Katarina Mathernova was reported as saying earlier that power facilities in Ukraine with combined capacity of 9.2 MW were incapacitated as of the beginning of June. (July 9, 2024)