The coefficient for the removal of 100 billion rubles from “Gazprom” specified

The coefficient for the removal of 100 billion rubles from “Gazprom” specified


The Ministry of Finance of Russia had previously offered to withdraw 100 billion rubles from “Gazprom” at the expense of growth met for additional budget revenues in 2016.

MOSCOW, 15 Oct. The energy Ministry and the Finance Ministry now continue to specify the estimated coefficient for the removal of 100 billion rubles from Gazprom in 2016 due to the growth of the mineral extraction tax, reported in a press-service of the Ministry of energy.

Earlier, the government of the Russian Federation submitted to the state Duma a bill to increase the severance tax on gas for “Gazprom” in 2016. This document assumes an increase of 36,7% of the basic value of unit of conditional fuel used in the formula for calculating the met rate for gas for the concern.

“Invited to withdraw in 2016 100 billion rubles from the gas industry, in particular, by increasing the severance tax on gas and condensate PJSC “Gazprom”. Seizures will be exactly 100 billion rubles. Currently the Ministry of energy and the Ministry of Finance specify the corresponding figures of the formula (ratio exceptions),” — said the press service.

Since July 2014, Russia began to act a new way of calculating the mineral extraction tax rate in the extraction of gas condensate and natural gas. It’s based on the formula for calculating the unit cost of conventional fuel. The base value of this unit is determined for each specific subsoil plot based on average market prices for hydrocarbon raw materials and the ratio of natural gas and condensate production from the subsoil plot.

The Ministry of Finance for additional budgetary revenues in 2016 from the oil and gas industry has offered to withdraw 100 billion rubles from Gazprom due to the growth of met and about 200 billion rubles from the oil companies due to the freezing of export duties on oil at 42%.