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Russia’s new gas production tax – the end of government tinkering?


Russia’s new gas production tax – the end of government tinkering?

Report summary

The new MET formula aims to be a clear, predictable and dynamic tax that provides greater certainty to operators. Instead of two standard rates for gas and one standard condensate rate, all fields are now subject to individual gas and condensate MET rates. The desire for the government to tinker with the formula should be reduced as the rates automatically increase in a rising price environment. Both Gazprom and the independents will benefit from a range of discounts in the new MET formula.

What's included?

This report includes 2 file(s)

  • Russia’s new gas production tax – the end of government tinkering? PDF - 260.23 KB 3 Pages, 0 Tables, 1 Figures
  • Russias new gas production tax the end of govt tinkering.xls XLS - 98.00 KB

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.

  • Executive Summary
    • What has changed?
    • Winners and losers
  • Putting Russia’s gas industry on a firmer footing
    • Greater long term predictability
    • Incentives to develop high cost fields

In this report there is 1 table or chart, including:

  • Executive Summary
    • Gas MET rate evolution
  • Putting Russia’s gas industry on a firmer footing
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