Moldova signs gas deal with Romania, less reliance on Russia

Romania has signed a 92-million-euro ($107-million) deal with Moldova to supply it with Romanian gas that will lessen its dependence on Russian gas.

Romanian national gas transporter Transgaz finalized the transaction to acquire Vestmoldtransgaz Thursday in a ceremony in the Moldovan capital attended by Romanian Economy Minister Danut Andrusca and Moldovan counterpart Chiril Gaburici.

Continue Reading Below

Gaburici said it would increase energy security and he hoped "this will be a defining step in integrating Moldova in the European Union."

Under the deal, the 120-kilometer (75-mile) pipeline from southern Moldova to the capital Chisinau will be completed likely by the end of 2019.

Moldova currently gets some 95 percent of its natural gas from Russia.