Moldova Secures Energy Future with Romanian Gas Deal

Moldova has taken a significant step towards energy independence by securing a deal with Romania's OMV Petrom for 25% of its annual gas needs, expected to begin in 2027.

The agreement is a strategic pivot from Moldova's historical reliance on Russian gas, especially since Moscow's invasion of Ukraine. The gas supply will be sourced from Romania's Neptun Deep project, a crucial EU gas reserve with a projection of 100 billion cubic meters.

OMV Petrom and Romgaz are positioned to double Romania's gas production, reinforcing the EU's move away from Russian energy. This deal is vital for Moldova's energy security and places Romania as a potential net gas exporter within Europe.

(With inputs from agencies.)