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    GAZP   RU0007661625

PUBLIC JOINT STOCK COMPANY GAZPROM

(GAZP)
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Moldova settles debt for gas to Russia, averts energy crisis

11/26/2021 | 11:57am EST

MOSCOW/CHISINAU, Nov 26 (Reuters) - Moldova has paid for Russian natural gas it received in October and the first half of November, Moldovagaz said in a statement, averting a possible crisis over a payment dispute.

Moldovagaz said earlier this week that the Russian energy giant Gazprom had threatened to cut off gas supplies to the country within 48 hours unless Moldova paid for recent deliveries. Gazprom on Wednesday agreed to postpone the deadline.

Kremlin-controlled Gazprom confirmed it had received the money from Moldova on Friday.

"The problem has been solved," Gazprom's spokesman, Sergei Kupriyanov, said in a statement.

Haggling over a new long-term energy supply deal between Moldova and Russia had tipped Moldova nation into crisis last month but appeared to be resolved when both sides struck a new deal.

However, on Monday, Moldovagaz received a notification from Gazprom threatening to cut off gas supplies to the country within 48 hours unless Moldova pays $73 million for recent deliveries.

To solve the debt crisis, Moldovan's parliament on Thursday approved budget amendments that will allow the national energy company to pay energy dues to Gazprom and avert the crisis.

(Reporting by Alexander Tanas and Vladimir Soldatkin; Editing by Louise Heavens)


ę Reuters 2021
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Financials (USD)
Sales 2021 139 B - -
Net income 2021 33 022 M - -
Net Debt 2021 41 945 M - -
P/E ratio 2021 2,85x
Yield 2021 15,8%
Capitalization 95 635 M 93 386 M -
EV / Sales 2021 0,99x
EV / Sales 2022 0,85x
Nbr of Employees 477 600
Free-Float -
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Mean consensus BUY
Number of Analysts 11
Last Close Price 4,04 $
Average target price 5,97 $
Spread / Average Target 47,7%
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Managers and Directors
Alexei Borisovich Miller Deputy Chairman & Chairman-Management Board
Viktor Alexeevich Zubkov Chairman
Denis Vladimirovich Fedorov Head-Marketing & Administration Department
Yuri Stanislavovich Nosov Head-Administration Department
Timur Askarovich Kulibayev Independent Director
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