ORDER OF THE GOVERNMENT OF THE REPUBLIC OF MOLDOVA

of September 29, 2022 No. 668

About creation and maintenance of reserve stocks of natural gas

Based on article 108-1 of the Law No. 108/2016 on natural gas (The official monitor of the Republic of Moldova, 2016, Art. No. 193-203, 415), with subsequent changes, and parts (11) and (12) articles VI of the Law No. 249/2022 on modification of some regulations (The official monitor of the Republic of Moldova, 2022, Art. No. 251-256, 511) DECIDES: the Government

1. Appoint Energocom joint-stock company - the company having the license for supply of natural gas as the subject on creation and maintenance of reserve stocks.

2. For the purpose of creation and maintenance of reserve stocks and provision of the stored natural gas on the conditions established in Item 8, to Energocom joint-stock company to sign necessary agreements and agreements with operators of gas storages, including from neighboring countries, the participating countries of Energy community and member states of the European Union, and also with system operators on whose networks natural gas for reserve stocks will be transported.

3. To cover the expenses connected with creation and maintenance of reserve stocks of natural gas at the expense of the financial contributions paid by suppliers of the retail market of natural gas. The Energocom joint-stock company can use the external loans attracted by it is direct, - the financial resources recredited at the expense of the external state loans attracted with the Government on behalf of the Republic of Moldova and/or at the expense of the financial resources allocated from the government budget.

4. Suppliers of the retail market of natural gas list to Energocom joint-stock company financial contributions in the amount of and procedure, established by National regulation agency in power according to part (5) article 108-1 of the Law No. 108/2016 on natural gas.

5. For the purpose of ensuring transparency concerning the financial contributions paid by suppliers of the retail market of natural gas connected with reserve stocks to Energocom joint-stock company within one month from the effective date of this resolution to create the separate bank account intended for accomplishment of the obligation on creation and maintenance of reserve stocks according to this resolution.

6. To establish the amount of natural gas which is subject to storage as reserve stocks at the level of 50 million CBM.

6-1. The Energocom joint-stock company shall keep separate account of the bargains concluded in connection with creation and maintenance of reserve stocks and to inform the Government, the Department of Energy and National regulation agency in power on each concluded bargain with provision, according to their statement, the relevant documents. Information on the concluded bargains includes:

1) amount of the acquired natural gas;

2) purchase price;

3) data on the seller;

4) corresponding devolution agreements and storage of natural gas;

5) other relevant data.

7. On covering of the expenses connected with reserve stocks, Energocom joint-stock company can use own financial resources which will be compensated due to the financial assignments established by National regulation agency in power.

8. Natural gas from reserve stocks is subject to use fully or partially based on the decision of the Commission on emergency situations of the Republic of Moldova in case of emergency situation according to Regulations on emergency situations in the sector of natural gas or in case of the announcement Parliament of emergency state according to article 12 of the Law No. 212/2004 on the modes of emergency, obsidional and warlike situation.

8-1. Reserve stocks are recovered till September 15 after decision making about use of reserve stocks or in other time established by the order of the Government. The transactions on management of reserve stocks which are not connected with their use or placement in the natural gas market are performed after the notification of the National agency on regulation in power.

9. To impose control of execution of this resolution on the Department of Energy.

10. This resolution becomes effective from the date of publication in the Official monitor of the Republic of Moldova.

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