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
20 June 2025
The scale of energy demand growth by 2030 and beyond asks huge questions of gas supply especially in the US
20 June 2025
The Emirati company is ramping up its overseas expansion programme, taking it into new geographic areas that challenge long-held assumptions about Gulf NOCs
19 June 2025
Geopolitical uncertainty casts a pall over expectations around demand, supply, investment and spare capacity
19 June 2025
Shifting demand patterns leaves most populous nation primed to become downstream leader as China and the West retreat
