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 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 45,6 level of one million CBM. Create reserve stocks at the established level till October 1, 2023.

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 only based on the decision of the Commission on emergency situations of the Republic of Moldova accepted in case of emergency situation including in case of the announcement of emergency state. Reserve stocks are recovered no later than date on September 15, following after decision making about use of reserve stocks, or no later than other date established by the order of the Government. Any transactions with reserve stocks which are not connected with their use or placement in the natural gas market are performed according to the decision 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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