MET Gas and Energy Marketing AG, a leading Austrian gas trading company, will supply natural gas to JNX General Trading LLC, a company based in Dubai, United Arab Emirates. The agreement was announced by Moldpress, the press agency of the Republic of Moldova. The deal comes as Moldova seeks to diversify its gas supply sources, currently heavily reliant on Russia.
The agreement will see MET Gas and Energy Marketing AG supplying natural gas to JNX General Trading LLC for a period of 10 years. The gas will be delivered to Moldova via the Trans-Balkan pipeline. The agreement is expected to contribute to Moldova's energy security and reduce its dependence on a single supplier.
The agreement is a significant development for Moldova, which has been struggling to secure reliable and affordable gas supplies in recent years. The country is currently heavily reliant on Russia for its gas, but this dependence has been a source of tension between the two countries.
The agreement with MET Gas and Energy Marketing AG is seen as a step towards diversifying Moldova's gas supply sources and reducing its dependence on Russia. The agreement is also expected to contribute to Moldova's energy security and economic development.
The agreement is a significant development for the region and could have implications for other countries in the region that are also seeking to diversify their gas supply sources.