Igor Sechin Assumed a Gas Shortage Due to Tax Changes on Gas
As the head of Rosneft noted, the differentiation of gas prices for various categories of industrial consumers against the backdrop of an increase in the tax burden on the industry was carried out without a comprehensive analysis of its impact
Differentiation of gas prices for industrial consumers and an increase in the mineral extraction tax on gas in the Russian Federation will lead to market imbalance, gas shortages for socially important industries and may affect the maintenance of production levels, said Rosneft head Igor Sechin.
According to him, the differentiation of gas prices for various categories of industrial consumers against the backdrop of an increase in the tax burden on the industry was carried out without a comprehensive analysis of its impact and without discussion with the industry.
“The adopted changes will lead to an imbalance in the market and the creation of a gas shortage for socially significant industries. In addition, the increase in the mineral extraction tax on gas (the volume of payments in the next three years will increase by 25% – TASS note) will lead to the withdrawal of investment and working resources from the industry and reduce opportunities to maintain production levels in the future,” the company’s press service quoted Sechin as saying.
Russian President Vladimir Putin previously signed a law increasing the mineral extraction tax on gas condensate from Gazprom and on gas for the gas holding and independent producers. Deputy Head of the Ministry of Finance Alexei Sazanov previously said that compensation to the budget for damper payments to oil companies will be carried out by increasing the mineral extraction tax on gas condensate.
