Bloomberg News

Russian Energy Ministry May Propose Changes to Gas Tax, RBC Says

June 08, 2012

Russia’s Energy Ministry may propose a new formula to calculate the natural-gas extraction tax that would take into account the fuel’s market price and the complexity of the fields, RBC Daily reported, citing an unidentified gas industry official.

The proposal will be presented at a government meeting tomorrow, the Moscow-based newspaper said.

The government is reviewing a planned jump in the extraction tax for Russia’s gas-export monopoly OAO Gazprom and independent producers that was announced in May, Deputy Prime Minister Arkady Dvorkovich said last month.

To contact the reporter on this story: Jake Rudnitsky in Moscow at jrudnitsky@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


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