Episode 432: Moldova defies crises, prepares for gas market competition, EU coupling
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Episode 432: Moldova defies crises, prepares for gas market competition, EU coupling
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About this listen
Transmission capacity on the Romanian-Moldovan border was overbid at quarterly auctions held in November as traders have been competing to sell gas to Moldova this winter.
Only five years ago such a scenario would have been unthinkable. The country was fully reliant on Russian gas and depended heavily on Russian-controlled Transnistria for electricity supplies.
After multiple energy crises triggered by Russia since then, Moldova has fast-tracked the implementation of EU-aligned reforms. Within less than six months it will start its gradual liberalisation of the gas sector and by 2027 it expects to couple its electricity spot market with that of the EU.
However, as Constantin Borosan, director of energy regulator ANRE tells ICIS journalist Aura Sabadus, there are still many challenges ahead. These include ensuring the correct framework for functional power and gas markets, expanding the border gas capacity with Romania and Ukraine to facilitate regional transit and thinking long-term about the future of Transnistria’s energy arrangements.