The EBRD is lending Moldova €300 million to boost its energy security by acquiring strategic gas reserves to supplement those currently provided by Russia through Ukraine.
The loan will finance up to one-fifth of Moldova’s planned gas imports for 2022, which are vulnerable to potential interruption as a result of the war on Ukraine. Currently, these imports all come from the Russian company Gazprom, under a contract that expires in 2026.
The loan, made under the bank’s €2 billion Resilience and Livelihoods Framework supporting Ukraine and neighbouring affected countries, will be divided into two tranches. A €200 million emergency tranche will be used in case of supply disruption, while a further €100 million will be used to create a strategic gas reserve to be stored in Romania or Ukraine to avoid seasonal price spikes and improve energy security.
Find out more
This website is managed by the EU-funded Regional Communication Programme for the Eastern Neighbourhood ('EU NEIGHBOURS east’), which complements and supports the communication of the Delegations of the European Union in the Eastern partner countries, and works under the guidance of the European Commission’s Directorate-General for Neighbourhood Policy and Enlargement Negotiations, and the European External Action Service. EU NEIGHBOURS east is implemented by a B&S Europe-led consortium. It is part of the larger Neighbourhood Communication Programme (2020-2024) for the EU's Eastern and Southern Neighbourhood, which also includes 'EU NEIGHBOURS south’ project that runs the EU Neighbours portal.