RLF - Moldova Gas Security Supply

complete

Provision of a three-year revolving loan of up to EUR 300 million to the Republic of Moldova under the Resilience and Livelihoods Framework to be on-lent to Energocom to finance emergency gas supply and strategic reserve build up in order to facilitate diversification of gas supply. The Facility includes two tranches: (i) up to EUR 200 million Emergency Tranche, which will be used in case of gas supply disruption, and (ii) up to EUR 100 million Diversification and Storage Tranche, which will be used to accumulate and store Moldova's strategic gas reserve in Romania or Ukraine, which will also allow to avoid seasonal price spikes and diversify supply routes and sources. An up to EUR 200 million increase was approved in July 2023, which will be utilised for additional accumulation of strategic gas reserve and emergency gas supplies. The loan increase is outside of the scope of the Resilience and Livelihoods Framework.