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Gas MET race - Independents catching up with Gazprom

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26 March 2013

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,

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:

  • Document

    Gas MET race - Independents catching up with Gazprom

    PDF 333.04 KB

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