Gazprom pipelines and export capacity

Газопроводы Газпрома и экспортные мощности

Gas pipelines of West Siberia

Газопроводы Западной Сибири

Export flows of Gazprom

Экспортные потоки

Spot, Gazprom, Brent

Цены на нефть и газ

End-use price of gas

Russia and USA

Daily gas production

Суточная добыча


Share of customs duties in the gross export sales of Gazprom is steadily decreasing


The share of export duties (and excise tax before 2004) in the gross gas exports of Gazprom is steadily decreasing. There are three major factors explaining this trend.

First, the decreasing share of export duties reflects the increasing share of foreign gas in the export portfolio of Gazprom. Gas from Central Asia and Azerbaijan is re-exported free of duties. These re-exports generate no revenue for the Russian state budget and no profit for Gazprom.

Second, exports by the Blue Stream pipeline are still free of export duties. The combined value of excise tax and export duties saved by this exemption in the period from the commissioning of the Blue Stream pipeline is estimated at $5.4 billion, well above the total project cost of $3.2 billion.

Third, from April 2010, gas exports to Ukraine are free of customs duties.

Under the full support of the Russian government, Gazprom is aggressively reducing its payments to the state budget.

Mikhail Korchemkin

East European Gas Analysis

Malvern, PA, USA

 

September 6, 2011

 

 


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