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


Important Changes in Russian Gas Business Environment


Taxes

  • Most significant changes in the taxation of Russian gas business became effective on January 1, 2004.

  • Excise tax on sales to Russian consumers (15% of revenue net of VAT), CIS (15% of revenue net of VAT and export tax) and Europe & Baltic States (30% of revenue net of export tax and FSU transit cost) was eliminated.

  • Export tax on sales out of the Customs Union (Kazakhstan, Belarus) was increased from 5% to 30% of revenue.

    • The new export tax alone has increased Gazprom's tax payment in 2004 by an estimated $1.2 billion.

  • Mineral production tax was raised from 16.5% of producer price (or average of $0.70/mcm) to the fixed rate of RUR107/mcm or about $3.80/mcm.

    • Note that from January 1, 2005, the mineral production tax rate went up to RUR135/mcm or $4.81/mcm.

    • The change of mineral production tax rate strongly affects the production cost of both Gazprom (see chart) and independent producers.

  • Asset tax rose from 2.0% to 2.2% of asset book value (excluding pipelines).

  • VAT decreased from 20% to 18% of net sales price in Russia and CIS.


Last modified: 12/07/14                    East European Gas Analysis 2006-2014                                           Email: info@eegas.com
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