Moldova declares state of emergency amid gas supply concerns

The Moldovan parliament, addressing concerns over potential disruptions in energy supplies, enacted a 60-day state of emergency on Friday. This decision comes as the nation anticipates a cessation of Russian gas deliveries through Ukraine, which are critical to Moldova's energy needs.

The current gas transit agreement between Russia's Gazprom (MCX:GAZP ) and Ukraine's Naftogaz is scheduled to conclude on December 31. Ukrainian officials have firmly indicated they will not renew the contract, prompting Moldova to prepare for the anticipated shortfall.

With 56 out of 101 parliamentary members supporting the measure, the state of emergency grants the Moldovan government the ability to implement various actions aimed at averting and mitigating the risks associated with limited energy resources.

The potential disruption of gas supplies to Moldova, particularly to the Transnistrian region, has raised alarms over possible humanitarian crises and threats to the energy sector's operations and stability. The government has expressed its determination to safeguard the nation's energy security during this period of uncertainty.

Prime Minister Dorin Recean emphasized the urgency of the situation, stating the country's resolve to ensure that this winter marks the final time Moldova faces such vulnerability in terms of energy provision.

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Source: Investing.com