Romania is considering higher taxes for Black Sea projects
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Table of contents
-
Executive summary
- Historical background
- Offshore law - current status
- Extra revenue tax on offshore gas
- New tax puts FIDs at risk and does not guarantee more tax revenues
- Competitiveness of Romanian offshore tax terms will decrease
- Offshore gas projects are vital for regional energy security
- Conclusion
Tables and charts
This report includes the following images and tables:
- Extra revenue tax on offshore gas
- Marginal and effective rates of the offshore gas tax
- Differences between the onshore and offshore extra revenue taxes
- Impact on pre-FID projects
- Government cash flow vs project pre-tax CF
- Competitiveness of selected offshore gas terms
- Romanian supply vs demand outlook
What's included
This report contains:
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