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    EU to provide 250 million euros to support energy security in Moldova

Summary

The European Union will provide Moldova with €250 million in 2025 to help with energy bills and strengthen energy resilience. This funding is part of a strategy to reduce Moldova's dependence on Russian energy and integrate it into the EU energy market.

by: Reuters

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Complimentary, Natural Gas & LNG News, Europe, Security of Supply, Political, EU, Moldova

EU to provide 250 million euros to support energy security in Moldova

 - The European Union will provide Moldova with 250 million euros in 2025 for support with energy bills and help in building further energy resilience, the European Commission said on Tuesday.

The funding is part of a two-year strategy which aims at "decoupling Moldova from the insecurities of the Russian supply of energy and fully integrating it in the EU energy market", the European Commission said in a statement.

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The EU will provide 100 million euros by mid-April, it said.

It will also make 60 million euros available for people in the Moscow-backed separatist region of Transdniestria subject to steps taken "on fundamental freedoms and human rights".

On Monday, authorities in Transdniestria ended month-long power cuts to its residents as flows of natural gas resumed funded by the EU's emergency support announced in late January.

Tens of thousands of people have been without gas or winter heating since Jan. 1, when Russia's Gazprom suspended gas exports to the region, citing an unpaid Moldovan debt of $709 million that Chisinau does not recognise as valid.

 

(Reporting by Alexander Tanas, Editing by Louise Heavens)