Support The Moscow Times!

New Gas Tax Formula

The Energy Ministry will propose that taxes on gas extraction be geared to end-user prices and the cost of developing new fields in coming years, Deputy Energy Minister Pavel Fedorov told reporters Tuesday.

"The Energy Ministry believes that the formula should be based on the sale price to end users and production costs," Fedorov told reporters after a news conference held by Russia's second-largest gas producer, Novatek.

Rates for 2014-15 based on a new formula will be presented to the government by the end of October, he added. Rates for 2013 are already confirmed.


Related articles:

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.