Insight
Gas MET race - Independents catching up with Gazprom
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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,
Table of contents
- Executive summary
- A decade of gas MET revenue
- Independent producers will contribute more
- MET rates should converge if netback is achieved
Tables and charts
This report includes the following images and tables:
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MET contributions to Russia's federal budgetGas MET rates and domestic gas prices, 2004-2015Gas production in Russia
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Russian gas producers in 2012Gazprom's split of revenues (per mcf)Independents' split of revenues (per mcf)Gas MET rates (RR/mcm) and domestic gas prices (US$/mcf)
What's included
This report contains:
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