Bloomberg Surveillance · Thursday, September 24, 2026
Moldova's Prime Minister reports that energy imports, previously around 10% of GDP, have seen diversification efforts over the past year, including the development of a renewable energy industry and a shift away from Russian gas. Despite these efforts, the country faces higher gas prices due to global spikes.
“In economic terms, our energy imports are around 10% of GDP. We've diversified a lot over the last year. So we did two important things. One, we built a renewables industry from scratch. Within five years, the portion of renewable energy went from zero to nearly 30%. The other thing we did, and Russia is unhappy about that, we diversified away from Russian gas. But that does have a cost for us. And now, of course, with the spike driven by the Ormu's blockage, we do have to pay higher prices for gas.”