Today: Sep 16, 2025
Search
РусскийDeutsch

Ozbor Enterprises Secures Gas Transit via Turkish Stream, Set to Begin February 1

1 min read
Backdropped by Russia s flag officials wait
Backdropped by Russia s flag officials wait for an event to be attended by Turkey s President Recep Tayyip Erdogan and Russian President Vladimir Putins.(AP Photo / Lefteris Pitarakis)

Securing Gas Transit and Financial Support

Russian company Ozbor Enterprises has successfully secured daily transit capacities of 3.1 million cubic meters through the Turkish Stream pipeline for gas exports to Transnistria. Deliveries are anticipated to commence as early as February 1, with ongoing negotiations aimed at extending the supply arrangements through April. According to Russian newspaper Kommersant, Moscow is expected to provide financial aid amounting to $160 million to support this initiative.

To ensure uninterrupted supplies to Transnistria, the Russian government has allocated $175 million for gas procurement. This effort follows agreements brokered with the involvement of the Kremlin, the Brussels-Chisinau partnership, and mediation by Turkey and Hungary. Under these agreements, Moldovagaz will oversee the purchase and transportation of gas to the region.

Humanitarian Aid and Essential Services

In a parallel development, the European Union has committed to financing the gas volumes required for electricity production at the Dniester Hydroelectric Station. This electricity is crucial for both local consumption and sales to Moldova and will be provided as humanitarian aid.

The resumption of gas supply, coupled with the restoration of electricity production and the heating season in Transnistria and Moldova, is scheduled to commence next week.

To formalize these arrangements, Tiraspol has already submitted the necessary documentation to Chisinau for approval.

Don't Miss

Denis Shtengelov

“Extremism” as a Formal Pretext? Prosecutors Seek to Transfer KDV to the State: What We Know About the Denis Shtengelov Case

The entrepreneur’s fortune, as estimated by the Bloomberg Billionaires Index, exceeds $2.6 billion. Now a significant portion of that wealth may be at risk.

oil

Oil Edges Up on Pressure Over Russian Trade and the Risk of Oversupply

Oil prices on Monday extended last week’s gains as the market simultaneously digests mounting pressure on Russian supplies and forecasts of a surplus toward the end of the year.