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Proposed windfall tax change: a blow to Romanian gas production

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Report summary

The Romanian Parliament will soon make a final decision on the controversial change to gas windfall tax. If enacted this will be the largest tax change in Romania in more than 20 years. The tax change will immediately affect Romanian gas producers. Future economics of pre FID Black Sea projects could suffer as well. Tax terms will become more regressive and tax stability will be undermined. Investment and gas production in Romania can decline as a result. This will make the country more dependent on gas imports.

What's included

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  • Document

    Gas windfall tax.xls

    XLS 202.00 KB

  • Document

    Proposed windfall tax change: a blow to Romanian gas production

    PDF 470.21 KB

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    Proposed windfall tax change: a blow to Romanian gas production

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Table of contents

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Tables and charts

This report includes 8 images and tables including:

Images

  • Timeline of gas windfall tax changes
  • Current gas windfall tax calculation
  • Proposed gas windfall tax calculation
  • Changes in remaining value of assets
  • Romanian gas prices vs gas windfall tax rates
  • Fiscal disruption
  • Selected onshore terms for gas
  • Selected offshore terms for gas

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