OREANDA-NEWS. August 17, 2009. As the chairman of SC "Moldovagaz board Alexander Gusev has said, such price are based on the special formula applied for Moldova.

It will be also available if the current prices for the petroleum products (gas oil and black oil) in IV quarter of 2009 will remain the same and the reduction rate for Moldova in 2010 will increase from 0,8 up to 0,9.

As it was previously reported, the price of the Russian natural gas for Moldova in III quarter of 2009 will make US 186.85 for 1 thousand cubic meters, having reduced by 26,9% as compared with II quarter.

Moldovagaz "notes that if the current prices of petroleum products in the IV quarter of 2009 will not change, the average price of the gas supplied to Moldova in 2009 will make US 257. In accordance with the terms of the long-term contract on the supply of gas to Moldova for 2007-2011, the gas prices are set quarterly and depend on the agreed formula based on the average gas price established by "Gazprom and the index of prices for petroleum products at the world market (gasoline and black oil).