Friday, June 22, 2012

Severance tax on natural gas independent gasman can make 80 ...

severance tax on natural gas can make independent gasman 80 % rate of Gazprom

Quote.rbc.ru 22.06.2012 15:57

Energy proposes to 2015. impose a tax on the extraction of minerals (MET) of gas for independent gas producers at a rate of 80% of the tax rates for OAO ?Gazprom?. This was announced by Energy Minister Alexander Novak. He recalled that earlier the Ministry of Finance offered in 2015. move to a single severance tax for independent producers and Gazprom. In the Ministry of Energy believes that the MET calling for independent producers and Gazprom is not necessary, because the severance tax on natural gas is tied, in particular, export, and the right to export gas to the Russian legislation has only Gazprom. ?Then everything will depend on the alignment of return between domestic and foreign markets for gas,? ? he explained.

recall the Prime Minister Dmitry Medvedev instructed the Ministry of Energy, Ministry of Finance, Economic Development and FTS together with the oil and gas companies before March 1, 2013. prepare proposals for the establishment of 2014. formula for calculating the tax rate on mining (MET) for natural gas. It should take into account the multi-component gas composition, macro-economic indicators, price situation in the target markets and economic performance of projects for the extraction of natural gas.

In addition, the Russian government has instructed the above-mentioned offices until September of this year study the issue of magnitude severance tax on natural gas and tariffs for transportation of hydrocarbons in 2013., and to prepare proposals for changes to the legislation on taxes and fees, while providing the possibility of adjusting severance tax on natural gas in case of rejection rate of indexation of domestic prices from planned.

There are currently fixed-rate severance tax, which is indexed annually by the Ministry of Finance to amend the tax law. Now the rate severance tax for independent producers is twice lower than Gazprom ? 251 RUR. against 509 rubles. per 1 thousand cubic meters. m As previously reported, in November 2011. the Tax Code was amended to provide for a phased increase in severance tax on natural gas from 237 rubles. per thousand cubic meters. m in 2011. to 509, 582 and 622 rubles. per thousand cubic meters. m in 2012., 2013. and 2014. respectively. These rates are only defined for Gazprom as the owner of the Unified Gas Supply System. For other organizations, these rates are adjusted coefficients and lower the amount 251, 265 and 278 rubles. in 2012., 2013. and 2014. respectively.

Material provided by RBC news


Tags: gasman Gazprom independent natural rate severance

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