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- Format
- 3 files (PDF report, 2 Excel files)
- Pages
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30 (Report only)
- Delivery
- Immediate by e-mail
- GENERAL OVERVIEW
- INSTITUTIONS AND ENERGY POLICY
- ENERGY SUPPLY
- ENERGY PRICES
- ENERGY CONSUMPTION
- ISSUES AND PROSPECTS
- DATA TABLES
- ABBREVIATIONS
- GLOSSARY
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Overview
This analysis includes a comprehensive Moldova energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
Highlights
- Moldova is progressively adopting the EU "acquis".
- In 2022 and 2023, Moldova implemented several actions to reduce its energy dependence on Russia.
- Inter RAO UES is the largest power producer: its production is located in the secessionist province of Transnistria.
- Moldovagaz dominates the gas market and its debt to Gazprom represents around 80% of the GDP.
- The country is highly dependent on imported energy.
- In October 2023, the government decided to no longer buy gas from Gazprom.
- Most of the electricity is produced from natural gas (90% in 2022).
- In 2022, electricity prices rose by 70% for households and by 80% for industry.
- Gas prices soared threefold for both industry and households in 2022.
- Natural gas accounts for 48% of the energy mix.
- The country is developing several power interconnection projects with Romania.
Institutions & Energy Policy
Moldova is a landlocked country bordered by Romania to the west and by Ukraine to the East. It was part of the Soviet Union and became an independent country in 1991. Transnistria is a separatist province that seceded from Moldova in 1992. It is not recognized by the UN and is officially considered as part of Moldova.
Energy Supply
Resources:
Moldova has limited fossil resources. Consequently, the country covers all its energy needs with imports (energy independence rate of 21% in 2022).
Energy Prices
Electricity:
Regulated tariffs vary between the distribution companies and depend on the voltage level. ANRE approved a 30%-45% price increase (depending on the distribution company) in 2015. The price was reduced by around 10% in 2016 because of the 28% drop in the purchasing price from Moldovan Hydropower Plant and thanks to a favourable MDL/USD exchange rate.
Energy Consumption
Energy consumption per capita is approximately 1.5 toe/year (approximately half the European average), including 1 970 kWh of electricity (2022).
Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)
Graph: TOTAL CONSUMPTION MARKET SHARE BY ENERGY (2022, %)
Issues & Prospects
Electricity:
The Moldovan Energy Strategy 2030 foresees an average annual electricity consumption growth rate of around 4%/year over 2020-2030. It also targeted a power capacity increase of 800 MW, including 400 MW from renewables.