16 January 2006 -- Moldova has reached a four-month deal to buy gas from Russia's state-controlled monopoly Gazprom, the Moldovan president’s office announced today.
Under the terms, Moldova is reportedly to pay $110 per 1,000 cubic meters of natural gas, up from the $80 it had been paying in 2005
Gazprom cut off gas to Moldova on 1 January, after Moldova rejected Gazprom's initial price of $160 per 1,000 cubic meters. Since then, Ukraine had been supplying neighboring Moldova from its own stocks.
President Vladimir Voronin called the agreement a triumph for pragmatism.
(AP)