CHISINAU, January 10. / TASS /. The price of Russian gas for Moldova in January rose from $ 550 to $ 647 per 1,000 cubic meters, the director of gas distribution company Moldovagaz, Vadim Cheban, told TASS.

“The purchase price for gas fell from $ 550 to $ 647 per 1,000 cubic meters in January,” he said.

The Moldovagaz press service attributed the price increase to “continued price growth on European gas exchanges”.

“Moldovagaz will do everything possible to pay on time and in full for current supplies and therefore ensure their continuity,” the company said.

In October, Gazprom and Moldovagaz extended their gas supply contract for five years.

The gas price formula approved for the republic takes into account the ratio of market prices for gas and oil. Under the new contract, in November the gas price for Moldova was $ 450 per 1,000 cubic meters.

One of the main conditions of the new contract is the timely payment and repayment of gas debts of Moldovan consumers. Earlier, Gazprom spokesman Sergey Kupriyanov said Moldovagaz’s debt to Gazprom now stands at $ 433 million. Taking into account the late payment, the total debt amount reached $ 709 million.