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Gas MET race - Independents catching up with Gazprom


Gas MET race - Independents catching up with Gazprom

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,

What's included?

This report includes 2 file(s)

  • Gas MET race - Independents catching up with Gazprom PDF - 333.04 KB 5 Pages, 1 Tables, 6 Figures
  • Gas MET race Independents catching up with Gazprom March 2013.xls XLS - 181.00 KB

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

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  • Executive summary
  • A decade of gas MET revenue
  • Independent producers will contribute more
  • MET rates should converge if netback is achieved

In this report there are 7 tables or charts, including:

  • Executive summary
  • A decade of gas MET revenue
    • MET contributions to Russia's federal budget
    • Gas MET rates and domestic gas prices, 2004-2015
  • Independent producers will contribute more
    • Gas production in Russia
    • Russian gas producers in 2012
    • Gazprom's split of revenues (per mcf)
    • Independents' split of revenues (per mcf)
  • MET rates should converge if netback is achieved
    • Gas MET rates (RR/mcm) and domestic gas prices (US$/mcf)
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