Bloomberg News

Finance Ministry Seeks Gas Tax Link to Russia Price

By Stephen Bierman
September 18, 2012

(Corrects to remove Interfax tax-rate calculations in last two paragraphs after news service changes estimates.)

Russia’s Finance Ministry proposed linking the natural-gas extraction tax to increases in the regulated domestic price for the fuel, according to a copy of draft amendments on its website.

Producers other than OAO Gazprom, which owns the country’s pipelines, would get a discounted rate, according to the document. The government has planned to raise average regulated gas prices for industrial consumers by 15 percent a year.

The tax rate for so-called independent producers would gradually near Gazprom’s, Interfax said.

To contact the reporter on this story: Stephen Bierman in Moscow at sbierman1@bloomberg.net

To contact the editor responsible for this story: Torrey Clark at tclark8@bloomberg.net

Business Exchange: What your peers are reading.

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

blog comments powered by Disqus