Insight
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,
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 7 images and tables including:
- MET contributions to Russia's federal budget
- 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)
What's included
This report contains:
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