Moldova energy report

• Moldova is progressively adopting the EU "acquis".
• In 2022, Moldova implemented several actions to reduce its energy dependence on Russia.
• Inter RAO UES is the largest power producer: its production is located in the secessionist province of Transnistria.
• Moldovagaz dominates the gas market and its debt to Gazprom represents around 80% of the GDP.
• The country is highly dependent on imported energy.
• Over 90% of the electricity is produced from natural gas.
• Regulated electricity and gas prices are subsidised.
• Retail prices are dependent on the exchange rate as most of the energy consumed is imported.
• Natural gas accounts for 56% of the energy mix.
• The country is developing several power interconnection projects with Romania.

• Institutions & Energy Policy

  Moldova is a landlocked country bordered by Romania to the west and by Ukraine to the East. It was part of the Soviet Union and became an independent country in 1991. Transnistria is a separatist province that seceded from Moldova in 1992. It is not recognized by the UN and is officially considered as part of Moldova.

• Energy Supply

  Oil:

  Moldova imports almost all the oil products it consumes. Oil product imports increased by an average of 5%/year starting in 2015 and reached around 1 Mt in 2020.

• Energy Prices

  Oil:

  In 2016, amendments to the Law on the oil market introduced a new methodology for ANRE to set twice-monthly ceilings for retail prices of oil products, based on international quotations. In 2021, prices are lower than in Romania (by around 50% for diesel and 35% for gasoline) and Ukraine (by around 20% for diesel and 3% for gasoline).

• Energy Consumption

  Energy consumption per capita is approximately 1.5 toe/year (approximately half the European average), including about 2 000 kWh of electricity (2020).

  Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)

  

  Graph: TOTAL CONSUMPTION MARKET SHARE BY ENERGY (2020, %)

• Issues & Prospects

  Electricity:

  The Moldovan Energy Strategy 2030 foresees an average annual electricity consumption growth rate of around 4%/year over 2020-2030. It also targeted a power capacity increase of 800 MW, including 400 MW from renewables.

• GENERAL OVERVIEW
• INSTITUTIONS AND ENERGY POLICY
• ENERGY SUPPLY
• ENERGY PRICES
• ENERGY CONSUMPTION
• ISSUES AND PROSPECTS
• DATA TABLES
• ABBREVIATIONS
• GLOSSARY

Download the Table of Contents

Below is a list of the Moldova energy market report graphs:

• GRAPH 1: CO₂-energy Emissions (MtCO₂)
• GRAPH 2: Installed electric capacity by source (2020, %)
• GRAPH 3: Gross power production by source (TWh)
• GRAPH 4: Power generation by source (2020, %)
• GRAPH 5: Gasoline & diesel prices (US$/l)
• GRAPH 6: Electricity prices for industry and households (US$c/kWh)
• GRAPH 7: Gas prices for industry and households (US$c/kWh GCV)
• GRAPH 8: Consumption trends by energy source (Mtoe)
• GRAPH 9: Total consumption market share by energy (2020, %)
• GRAPH 10: Final consumption market share by sector (2020, %)

In the Moldova energy market report you will find the following tables:

• Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO₂ emissions.
• Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
• Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
• Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
• Infrastructure Projects: Covers power plant projects by energy, technology, status and operator.