Insight

Proposed windfall tax change: a blow to Romanian gas production

Get this report

$1,350

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- Available as part of a subscription
- FAQ's about online orders

18 October 2017

Proposed windfall tax change: a blow to Romanian gas production

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.

Table of contents

    • Background
    • How does gas windfall tax work?
    • Negative impact on upstream projects
    • Energy security will be compromised
    • Romanian tax terms will become less attractive
    • Conclusion

Tables and charts

This report includes 8 images and tables including:

  • 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

What's included

This report contains:

  • Document

    Gas windfall tax.xls

    XLS 202.00 KB

  • Document

    Proposed windfall tax change: a blow to Romanian gas production

    ZIP 473.93 KB

  • Document

    Proposed windfall tax change: a blow to Romanian gas production

    ZIP 473.93 KB

Other reports you may be interested in

Browse reports by Industry Sector