EBRD approves extra 165 mln euros for Moldova gas purchases - Infotag news agency
CHISINAU, July 28 (Reuters) - The European Bank for Reconstruction and Development has approved additional financing of 165 million euros ($180 million) for Moldova to make gas purchases, the Infotag news agency quoted the EBRD president as saying on Friday.
The amount covers 75% of the country's gas needs, it said.
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"In 2023, we will continue to increase funding for Moldova. We have approved additional financing in the amount of 165 million euros for the purchase of gas," EBRD President Odile Renaud-Basso was quoted as saying.
Moldova received a 300-million euro revolving credit last year which helped the country for the first time buy gas from alternative sources in Europe instead of Russia's Gazprom , Renaud-Basso was quoted as saying.
Moldova, sandwiched between Ukraine and Romania, obtains nearly all its gas for industry and heating from Gazprom under a contract extending to 2026. Gazprom reduced supplies to Moldova last year, directing them entirely to the pro-Russian separatist region of Transdniestria region east of the Dniester river.
($1 = 0.9127 euros) (Reporting by Alexander Tanas, Writing by Anna Pruchnicka, Editing by Timothy Heritage)