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Gas MET race - Independents catching up with Gazprom

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Report summary

The Russian government has approved new higher mineral extraction tax (MET) rates for independent producers and Gazprom which will be followed later in the year by a 12% (RR383/mcm) rise in regulated domestic gas prices. The net effect of these changes will be an estimated benefit of RR270/mcm for Gazprom and RR232/mcm for the independents. In 2015 independents' gas MET rate will comprise 70% of Gazprom's MET rate and the gap could be closed by the end of the decade. Russia's domestic

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  • Document

    Gas MET race Independents catching up with Gazprom March 2013.xls

    XLS 181.00 KB

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    Gas MET race - Independents catching up with Gazprom

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Table of contents

Tables and charts

This report includes 7 images and tables including:

Images

  • Gas MET rates and domestic gas prices, 2004-2015
  • Gas production in Russia
  • Russian gas producers in 2012
  • Gazprom's split of revenues (per mcf)
  • Independents' split of revenues (per mcf)
  • Gas MET rates (RR/mcm) and domestic gas prices (US$/mcf)

Tables

  • MET contributions to Russia's federal budget

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