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Pricing

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In today’s dynamic markets, capitalise on opportunity and limit exposure with a transparent view of pricing and the multiple factors influencing it.

Optimise your strategy setting, contract negotiations and business planning with ICIS pricing intelligence, covering historic, current and future price drivers, fundamentals, market fluctuations and trends, plus market commentary and analysis.

All key factors through the value chain are included in our forecast methodology, from spot price movements, supply, demand, trade flows and production margins to market sentiment, seasonality, inventory levels and feedstocks.

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Pricing for Chemicals, Fertilizers, and

Recycled plastics


Manage volatility with ICIS’ in-depth pricing reports covering over 300 chemical, fertilizer and recycled plastic commodity markets. Settle contracts based on benchmark prices no matter where you operate, with spot, contract, import, export and domestic prices of typically traded grades, broken down by country and / or region.

With our in-depth understanding of the entire chemical value chain, ICIS forecast models are fully integrated, from crude oil and feedstocks to downstream commodities. Understand the impact on global export markets of newer entrants such as China, with analysis in both English and Chinese.

Stay ahead of fast-moving markets with customised alerts when prices meet criteria; see how your market has moved, with price spreads from the previous month; and understand the relative cost competitiveness of alternative raw materials.

ICIS Supply and Demand Database

Optimise planning, production and investment with ICIS Supply and Demand Database. Benefit from a complete picture of the chemicals supply chain showing capacity for over 100 commodities in 160 countries, up to 2050.

Energy pricing


Identify new opportunities and mitigate risk with ICIS’ in-depth energy pricing intelligence covering natural gas, LNG, power and renewables, carbon, hydrogen, crude oil and refined products. Preserve operating margins and adapt faster to volatility with real-time news and expert market commentary.

Optimise trading decisions with reliable forecasts factoring in variables such as storage, import and export flows, outages, weather and temperature forecasts. Benefit from historic pricing data revealing patterns and trends, while gaining a complete understanding of what is driving your market today.

ICIS price forecast models are fully integrated, from European gas and power to carbon markets, and from crude oil and feedstocks to downstream commodities.

Why use ICIS pricing intelligence?

Manage risk

React faster with instant access to price assessments and forecasts covering spot, contract, import, export, international and domestic prices for feedstock and commonly traded commodities.

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Safeguard against price fluctuations and lock in costs and income for the longer term, with ICIS’ industry-standard price assessments, plus arbitrage and netback calculations.

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Benefit from global news coverage of sudden price shifts in key active trading regions alongside in-depth policy and regulation coverage.

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Learn about the impact of short- and long-term trends, with impact commentaries and analysis from experts embedded in key global markets.

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Evaluate opportunities and risks with confidence, using cross-commodity, integrated data and cross-regional trend analysis to develop internal pricing models.

Understand market sentiment

Learn about reported and confirmed deals, bids and offers, to gain a sense of buyers’, traders and sellers’ willingness to transact.

Streamline processes

Optimise efficiency and accuracy with ICIS data and analytics seamlessly integrated into your modelling and forecasting.

Gauge the impact of capacity on prices

Access supply and demand data to assess the price impact of planned and unplanned plant shutdowns and maintenance, as well as new capacities.

ICIS news

Keep up to date, with all the latest news on pricing.

PODCAST: Why you should enter the 2024 ICIS Innovation Awards

BARCELONA (ICIS)–Chemical companies can gain recognition as leaders in innovation, as well as evaluating their own new product pipeline by taking part in the ICIS Innovation Awards, according to last year’s winner. ICIS Chemical Business deputy editor Will Beacham interviews David Dupont, Arkema’s vice-president specialty polyamides. Click here to find out how to enter this year’s  ICIS Innovation Awards. Entry deadline Friday 7 June Editor’s note: This podcast is an opinion piece. The views expressed are those of the presenter and interviewees and do not necessarily represent those of ICIS. ICIS is organising regular updates to help the industry understand current market trends. Register here Read the latest issue of ICIS Chemical Business Read Paul Hodges and John Richardson's ICIS blogs

27-May-2024

Americas top stories: weekly summary

HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 24 May. Canada freight rail strike unlikely to begin before mid-July, rail carrier says A possible freight rail strike in Canada is not likely to begin before mid-July, according to rail carrier Canadian Pacific Kansas City (CPKC). DuPont flags $60 million in dis-synergies from break-up, assures on PFAS liabilities DuPont expects about $60 million in dis-synergies from its break-up into three independent publicly traded companies, CEO Ed Breen and CFO Lori Koch told analysts in a conference call on Thursday. US tariff hikes on China EVs, batteries take effect 1 August Starting August, US tariffs on imports of electric vehicles (EVs) from China will quadruple to 100%, while those for battery materials will more than triple to 25%, the US Trade Representative (USTR) said. US DuPont to separate electronics and water businesses DuPont plans to separate its electronics and water businesses into two publicly traded companies, the US-based specialty chemicals producer said on Wednesday. Mexico’s Tamaulipas drought hits some chemicals producers as water supply halved A severe drought affecting Mexico’s sate of Tamaulipas has prompted an order to halve water supply to chemicals and other industrial companies, although some chemicals producers have said to ICIS they are operating normally. PPG to build new US paint plant, invest in existing two sites PPG plans to spend $300 million to build a new plant in the US and to make investments at existing sites in North America, the paints and coatings producer said on Tuesday. Brazil's Braskem restart at Triunfo to kick off petchem hub normalization Braskem has restarted operations at its Triunfo facility in the flood-hit state of Rio Grande do Sul, which will allow other players in the petrochemicals hub to start up their plants as many depend on input from the Brazilian polymers major to operate.

27-May-2024

Latin America stories: weekly summary

SAO PAULO (ICIS)–Here are some of the stories from ICIS Latin America for the week ended on 24 May. NEWS Brazil’s Triunfo petchems restart odd one out as wider industry still disrupted – consultant Most of Rio Grande do Sul’s industrial plants remain shut or operating at very low rates as the Brazilian state reels from the floods, with the restart at the Triunfo petrochemicals hub an exception rather than the norm, a chemicals consultant at MaxiQuim said to ICIS. Mexico’s Orbia/Vestolit's Altamira plant ceases operations due to water scarcity Orbia/Vestolit ceased operations at its Altamira, Tampico facilities in Mexico on 21 May due to water scarcity. The company operates there a polyvinyl chloride (PVC) facility with a production capacity of 690,000 tonnes/year. The company estimates it could resume activity on 19 June. SABIC declares force majeure at Tampico Mexico ABS plant SABIC Innovative Plastics Mexico (SABIC) declared force majeure at its Tampico, Mexico acrylonitrile butadiene styrene (ABS) plant on 23 May. The products affected include CYCOLAC ABS.  This facility has a capacity of 30,000 tonnes. Mexico’s Q1 GDP grows 0.3%, economic activity remains healthy in MarchMexico’s GDP rose by 0.3% in Q1, an acceleration from Q4’s 0.1% quarterly growth, the country’s statistic office Inegi said on Thursday. Brazil’s antitrust authority paves way for Petrobras to shed refinery sales Brazilian state-owned energy major Petrobras has been allowed by the country’s antitrust authority CADE to backtrack on planned refinery sales. Argentina’s manufacturing down nearly 20% in March Argentina’s petrochemicals-intensive manufacturing output fell in March by 19.6% year on year, the country’s statistics office, Indec, said this week. Brazil’s Unigel creditors mull fertilizers divestment The debt restructuring agreement at Unigel, under which the Brazilian chemicals producer’s creditors are to take a 50% equity stake, could result in a divestment of the company's beleaguered fertilizers division. Brazil’s Unigel to give creditors 50% equity stake in debt restructuring Unigel has obtained the support of enough creditors for a debt restructuring plan although it comes at a price as they will be getting a 50% equity stake in the Brazilian chemical and fertilizer producer. Brazil's Braskem restart at Triunfo to kick off petchem hub normalization Braskem has restarted operations at its Triunfo facility in the flood-hit state of Rio Grande do Sul, which will allow other players in the petrochemicals hub to start up their plants as many depend on input from the Brazilian polymers major to operate. INEOS Styrolution declares force majeure at Altamira Mexico facility INEOS Styrolution declared force majeure at its facility in Altamira, Mexico, on 20 May. The products affected include Teluran ABS, Novodur High Heat ABS and Luran ASA. This facility has a capacity of 113,000 tonnes. Chile’s Q1 GDP up 2.3% on strong consumption, manufacturing up 1.1% The Chilean economy started 2024 on a strong footing with GDP growth in the first quarter at 2.3%, year on year, the country’s central bank said on Monday. Volkswagen, Stellantis idle car plants in Brazil, Argentina after floods Volkswagen (VW) idled its three plants in the Brazilian state of Sao Paulo on Monday, as suppliers in the floods-hit state of Rio Grande do Sul are unable to produce any automotive parts, a spokesperson for the German automotive major told ICIS. PRICING LatAm PP international prices stable to up on higher Asian freights International polypropylene (PP) prices were assessed as steady to higher across Latin American countries due to the surge in freight rates from Asia to the region. LatAm PE domestic, international prices steady on sufficient supply, stable demand Domestic and international polyethylene (PE) prices were assessed unchanged this week across Latin American countries on the back of sufficient supply and stable demand.

27-May-2024

India to develop Iran’s Chabahar port; expand international trade

MUMBAI (ICIS)–India and Iran are currently charting plans to acquire equipment and machinery to enhance the capacity and increase vehicular movement at Chabahar port, after the two countries signed a 10-year deal to develop part of the Iranian port. State-owned Indian Ports Global Ltd (IPGL) and the Ports & Maritime Organisation (PMO) of Iran signed the agreement to develop and manage the Shahid-Behesti terminal at the Chabahar Port in southeastern Iran. “These efforts had been hampered in the past due to the US sanctions on Iran,” a source from India’s Ministry of Ports, Shipping and Waterways said, citing international sanctions imposed on the Middle Eastern country, which is suspected to be developing nuclear weapons. IPGL will invest around $120m in equipping the port, with India offering additional financing worth $250m for the development of mutually identified projects aimed at improving port infrastructure, the source said. Iran’s Chabahar Port on the Gulf of Oman consists of the Shahid Beheshti port, which will be developed by India, and the Shahid Kalantri port. “The long-term contract will further strengthen ties between the two nations and highlights the importance of Chabahar as a gateway for trade with Afghanistan and Central Asian countries,” the shipping ministry said in an official announcement on 13 May. “The Chabahar Port has easy access to India's west coast. The long-term contract will give a significant boost to economic activities and establish our growing role in developing global trade & commerce,” Indian shipping minister Sarbananda Sonowal posted on social media platform X on 14 May. India imports methanol, bitumen, liquefied propane, inorganic/organic chemicals, among others from Iran; while it exports pharmaceuticals, rice, tea, sugar and fruits to the Middle Eastern country. The Chabahar project is part of the proposed International North-South Transport Corridor (INSTC), a multi-modal transportation network of ship, rail and road route for moving goods between India, Iran, Azerbaijan, Russia, Central Asia and Europe. India and Iran had initially signed an agreement for the development of the port in 2003, but the project was stalled due to opposition from the US. The current deal replaces a 2016 agreement between the two countries that was being renewed periodically. IPGL, which took over operations at the Shahid Beheshti port in 2018, has handled more than 90,000 20-foot-equivalent units of container traffic and more than 8.4m tonnes of bulk and general cargo since then, the source from the shipping ministry said. The lack of a long-term agreement was, however, impacting investment by shippers and investors in the region. “The industry was initially uncomfortable about allowing its long-term supply chains to pass through Chabahar port as the Indian government did not have a long-term agreement with Iran for the port,” the official said. Negotiations for a long-term deal between the two countries had been stalled due to differences on several issues, including a disagreement on an international arbitration framework in case of disputes, he added. The Shahid Beheshti port is being developed in four phases; and on completion of all four phases, port capacity will be 82m tonnes/year, as per IPGL’s website. The first phase of the development was inaugurated in December 2017. Despite its potential, the Chabahar project could face hurdles due to the re-imposition of US sanctions on Iran, the government source said. US state department spokesman Vedant Patel on 14 May warned of possible sanctions against those engaging with the Iranian government. Focus article by Priya Jestin

27-May-2024

Europe top stories: weekly summary

LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 24 May. Brenntag CEO says Europe must play to its strengths Europe’s chemical sector is seeing a wave of commodity production closures, which is likely to accelerate as the region is suffering from structurally higher energy costs and depressed margins since it lost access to cheap Russian gas. Europe epoxy sentiment stable, Asia imports may face EU antidumping claim Europe epoxy resins prices have been mainly agreed with rollovers for May so far, in spite of a drop in feedstock costs this month. Speculation is also growing over EU anti-dumping claims against Asian imports. Europe naphtha and gasoline prices firm on improved liquidity, summer optimism Liquidity in Europe's naphtha and gasoline markets improved in the week to 17 May as stable-to-soft prices encouraged buying appetite, just as the market is gearing up for an uptick in demand ahead of the summer holidays. Europe PE, PP contract prices down beyond monomer for May Europe’s polyethylene (PE) and polypropylene (PP) freely negotiated prices for May are down, with variance by grade

27-May-2024

APIC '24: PODCAST: Asia PVC shaped by ample supply, policy changes in India

SINGAPORE (ICIS)–Asia's polyvinyl chloride (PVC) markets are expected to see some uncertainty in the coming months, with factors like China’s domestic demand, the impact of India’s monsoon and some policy changes likely to shape the landscape. June offers from Asian producers awaited Healthy SE Asian Q1 GDP growth to support PVC demand Low domestic demand in China encourages exports, especially to India In this chemical podcast, ICIS editors Jonathan Chou, Damini Dabholkar and analyst Lina Xu discuss recent market conditions with an outlook ahead in Asia. (This podcast first ran on 8 May.) Visit us at Booth 13, Grand Ballroom Foyer, Grand InterContinental Seoul Parnas in South Korea. Book a meeting with ICIS here.

27-May-2024

APIC '24: PODCAST: Weak demand persists for Asia propylene, downstream PO

SINGAPORE (ICIS)–Asia's propylene market will continue to see weak demand, although potential curbs in plant run rates in China amid weak margins could lend market support. Downstream, China’s propylene oxide (PO) import demand may continue to be adversely impacted by domestic start-up capacities, while demand in the main downstream polyols sector is unlikely to recover in the second quarter. South Korea June-loading propylene volumes likely to increase month on month Domestic Chinese PO start-ups to keep domestic supply lengthy, hampering import demand Global PO supply ex-China remains tight; downstream polyols likely muted in Q2 In this chemical podcast, ICIS editors Julia Tan and Shannen Ng discuss trends in the Asian propylene and PO markets. (This podcast first ran on 9 May.) Visit ICIS during APIC ’24 on 30-31 May at Booth 13, Grand Ballroom Foyer of the Grand InterContinental Seoul Parnas in South Korea. Book a meeting with ICIS here.

27-May-2024

Asia top stories – weekly summary

SINGAPORE (ICIS)–Here are the top stories from ICIS News Asia and the Middle East for the week ended 24 May 2024. INSIGHT: Asia plasticisers producers brace for mounting selling pressure amid soaring freight rates By Julia Tan 24-May-24 12:00 SINGAPORE (ICIS)–Recently surging freight rates have led to a largely pessimistic outlook for the Asia plasticisers spot market, particularly for producers who rely heavily on export sales, as higher freight rates will continue to keep selling pressure high as sellers find it difficult to move product out of the region. SE Asia PE June offers firmer due to shipment delays, tight supply By Izham Ahmad 24-May-24 11:16 SINGAPORE (ICIS)–Initial spot import offers for June shipments of polyethylene (PE) in southeast Asia were announced mostly firmer so far in the week ending 24 May, with gains driven by tight supply, which is being aggravated by delays in cargo delivery from the Middle East. US tariff hikes on China EVs, batteries take effect 1 August By Fanny Zhang 23-May-24 13:37 SINGAPORE (ICIS)–Starting August, US tariffs on imports of electric vehicles (EVs) from China will quadruple to 100%, while those for battery materials will more than triple to 25%, the US Trade Representative (USTR) said. Freight rates on China exports soar amid Red Sea crisis By Fanny Zhang 22-May-24 11:56 SINGAPORE (ICIS)–Freight rates for China's exports, including petrochemicals, have been spiking in recent weeks and are expected to remain firm in the next three to six months on the back of improving overseas demand and amid continued logistics disruptions in the Middle East. INSIGHT: China's industrial activity gathers pace but lopsided April data clouds outlook By Nurluqman Suratman 21-May-24 12:00 SINGAPORE (ICIS)–China's industrial output grew by 6.7% year on year in April, signalling a further strengthening of its manufacturing sector, but weaker retail sales and bleak property data suggest that its overall growth momentum remains weak. INSIGHT: Asia MEG market continues to brace for headwinds By Judith Wang 20-May-24 20:17 SINGAPORE (ICIS)– Asia monoethylene glycol (MEG) market continues to face headwinds in the near term as it is grappling with the ample supply in China and soft global textile demand. Asia IPA supported by acetone strength; demand lagging By Joy Foo 20-May-24 14:13 SINGAPORE (ICIS)–After seeing a sharp increase in late April, tracking a surge in feedstock acetone cost, Asia’s isopropanol (IPA) spot prices have remained buoyant on cost support.

27-May-2024

LOGISTICS: Container rates surge, chem tanker rates ease; Canada rail strike unlikely before July

HOUSTON (ICIS)–Rates for shipping containers continued to surge, liquid chemical tanker rates were flat to softer, and a possible freight rail strike in Canada is unlikely before mid-July, highlighting this week’s logistics roundup. CONTAINER RATES The global average for shipping containers has surged past the level seen in late January because of unseasonal increases in demand for ocean freight ex-Asia, as shown in the following chart. Rates are being pressured higher because of possible start of a restocking cycle in Europe and as US importers pull forward some peak-season demand on concerns of pending labor issues or additional Red Sea disruptions later in the year, according to Judah Levine, head of research at online freight shipping marketplace and platform provider Freightos. Rates for containers ex-Asia to both US coasts and to Europe are also nearing multimonth highs, as shown in the following chart. Drewry expects the spike in spot freight rates to lessen in the next few months. But Levine pointed to general rate increase (GRI) announcements for June, which he said indicate that carriers are not expecting demand to ease or conditions to improve in the short term. CMA CGM is setting Asia – north Europe rates at $6,000/FEU (40-foot equivalent unit) starting 1 June, and Hapag-Lloyd has announced an Asia – North America Peak Season Surcharge of $600/FEU to start June that will climb to $2,000/FEU mid-month. Container ships and costs for shipping containers are relevant to the chemical industry because while most chemicals are liquids and are shipped in tankers, container ships transport polymers, such as polyethylene (PE) and polypropylene (PP), are shipped in pellets. They also transport liquid chemicals in isotanks. LIQUID CHEM TANKER RATES Rates for liquid chemical tankers ex-US Gulf were flat to lower this week. US chemical tanker freight rates assessed by ICIS were mostly steady to lower as rates fell from the US Gulf (USG) to both Asia and India while also edging lower from the USG to Rotterdam. However, were unchanged from the USG to Caribbean and South America. Overall, the market was subdued entering the long holiday weekend. From the USG to Asia, this market has remained overall soft despite a few larger monoethylene glycol (MEG) parcels being seen in the market. From the USG to Rotterdam, it has remained quiet again this week, with available space for part cargo still open amid a lack of inquiries or interest from charterers. CANADA FREIGHT RAIL LABOR ISSUES A possible freight rail strike in Canada is not likely to begin before mid-July, according to rail carrier Canadian Pacific Kansas City (CPKC). The ongoing uncertainties over the looming strike make it hard for Canadian chemical, fertilizer and other industrial producers, in particular exporters, to prepare for a work stoppage. After about 9,300 unionized conductors, train operators and engineers at freight rail carriers CPKC and Canadian National (CN) earlier this month voted for a strike as early as 22 May. Canada’s federal labor minister referred the matter to the Canada Industrial Relations Board (CIRB), a quasi-judicial tribunal charged with keeping industrial peace in Canada. PORT OF BALTIMORE The full reopening of the Port of Baltimore is closer after the Key Bridge Response Unified Command (UC) refloated the container ship Dali on Monday morning and moved it away from the scene of the collision. The Dali struck the Francis Scott Key bridge on 26 March, causing its collapse, and essentially closing the port. The closing of the port did not have a significant impact on the chemicals industry as chemicals make up only about 4% of total tonnage that moves through the port, according to data from the American Chemistry Council (ACC). PANAMA CANAL Wait times for non-booked southbound vessels ready for transit fell this week for traffic in both directions, according to the Panama Canal Authority (PCA) vessel tracker and as shown in the following image. Wait times a week ago were 3.6 days for northbound vessels and 13.9 days for southbound vessels. With additional reporting by Kevin Callahan and Stefan Baumgarten

24-May-2024

Moldovan gas market should couple with Romania – Moldovagaz CEO

Moldovan gas market and incumbent Moldovagaz undergo major changes related to market and transit Coupling with Romanian market would help speed up implementing daily balancing Political developments may determine the direction taken by the market LONDON (ICIS)–Moldova’s best chance to consolidate its gas sector is to couple up with the Romanian market, the CEO of gas incumbent Moldovagaz told ICIS on 24 May. Speaking on the 25th anniversary of the company, which is majority owned by Russia’s Gazprom, Vadim Ceban said the country and Moldovagaz were facing major changes including the establishment of a competitive market, an internal reshuffle and not least the future of the Russian gas transit from 2025. Ceban said the key step towards establishing a competitive gas market in line with EU rules would involve setting up a functional balancing market. Nevertheless, he warned Moldova would struggle to introduce balancing operations in the immediate future because this would entail scaling up the deployment of smart metering and ensuring there were enforceable penalties for imbalances. To fast-track the process, Moldova should consider coupling the market with Romania’s, which already has a daily balancing market and benefits from the experience of a variety of participants including domestic producers and suppliers, Ceban said. As an EU candidate member, Moldova is expected to implement rules related to establishing market competition, unbundle transmission operations and consolidate institutions. UNPRECEDENTED CHANGES The country is going through unprecedented changes, transitioning from being fully dependent on Russian supplies in 2021 to buying volumes from a range of sources on all regional markets. Last year, it also divested transmission operations , which had been historically held under the Moldovagaz umbrella. These were transferred to Vestmoldtransgaz, a company majority owned by the Romanian gas grid operator, Transgaz, and which is the main stakeholder in the Iasi-Ungheni pipeline connecting the two countries. Trading has already been picking up on an organised platform hosted by the Moldovan branch of the Romanian gas exchange, BRM, and more liquidity is expected to build up as various segments of consumers are deregulated and new companies enter the market, including from abroad. Earlier this month, the Romanian state producer Romgaz opened a new branch in Moldova, expecting to trade locally and support Moldova’s security of supply. Nevertheless, although Romanian traders welcome tighter relations with Moldova, they have also warned that Romania itself would need to improve its market conditions as the government continues to regulate wholesale and retail prices. TRADING Moldovagaz itself is considering the organisation of operations in a way that its current subsidiary Transautogaz could focus on trading on the free market, while another branch, Flacara Albastra, would be tasked to supply consumers on the regulated market, Ceban said. Moldovagaz is responsible for supplying gas to households, which cover the bulk of the market. This is part of the company’s public service obligation introduced by the government. Ceban insists Moldovagaz should not be seen as a market monopoly because its historical objectives since its foundation on 24 May 1999 were to guarantee security of supply for the country. In fact, the company has been changing so much that it secured natural gas on the BRM East Energy platform for delivery in May at a price that was slightly lower than the gas secured under the long-term Russian contract. He also insisted the state-wholesaler Energocom which has been taking an increasingly important role in the market over the last three years should overhaul its operations to ensure that trading on the free market is separated from its main responsibility to build up stocks for security of supply. RUSSIAN GAS TRANSIT Ceban agreed the company was also facing the challenge of securing gas for Transnistria, a Russian-controlled breakaway state internationally recognised as being part of Moldova from 2025. The region on the left bank of the River Dniester currently receives around 2 billion cubic meters annually via Ukraine. However, as Ukraine’s own transit agreement with Russia’s Gazprom expires on 1 January 2025, and Kyiv is adamant it will not renew the contract, Moldovagaz is already exploring alternative options to secure the gas coming in reverse from Turkey. Ceban said an abundance of supplies in the Balkan region and Romania is already helping Moldova to secure gas at heavily discounted prices. “Until a few years ago Moldova was buying at TTF plus, now it can secure the gas at TTF minus,” he said. Nevertheless, many of the objectives that need to be achieved will also depend on the political direction that the country takes following presidential and parliamentary elections this and next year, Ceban conceded.

24-May-2024

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