Gazprom chief executive Alexei Miller speaks with Rosneft chief executive Igor Sechin at a meeting in Vladivostok
Gazprom faces tax grab
The Kremlin is pursuing another way to extract money from Gazprom, after failed efforts to force a dividend rise
The Kremlin wants to increase the mineral extraction tax (MET) paid by export monopoly Gazprom, as it looks to quietly abandon a decree obliging state-controlled companies to pay higher dividends. The decree has been observed mainly in the breach. Russia's State Duma legislature in July passed a law adjusting the MET rate paid by Gazprom. From 1 September, a coefficient used to calculate the MET on gas for Gazprom will be raised—to 2.055 from 1.402—for the remainder of the year. Ilya Trunin, deputy finance minister, said this temporary increase in MET would partly compensate for the 72bn-rouble ($1.13bn) shortfall in the state budget from Gazprom's failure to raise its dividend payout in acc
Also in this section
1 April 2025
There is method to the US president’s apparent madness, and those seeking to understand need look no further than their local bookshop
1 April 2025
Strong economic growth targets are encouraging for the country’s energy demand growth, even if meeting those goals might be a tall order
28 March 2025
The Central Asian country is positioning itself as a low-carbon leader, but antiquated infrastructure and a dependence on Russia are holding it back
28 March 2025
MCEDD 2025 took place in Madrid this week with record attendance and a wide-ranging programme, reflecting the deepwater sector’s renewed momentum, strategic focus and accelerating technological innovation.
