Russia wants natural gas producers to pay more tax, the Interfax news agency reported Tuesday, citing Deputy Finance Minister Sergei Shatalov.
Russia wants natural gas producers to pay more tax, the Interfax news agency reported Tuesday, citing Deputy Finance Minister Sergei Shatalov.
Shatalov said the so-called mineral resources extraction tax for gas has remained unchanged for three years, while producers are enjoying higher profits as gas prices rise.
He also backed growing support - particularly from the Natural Resources Ministry - for an increase in tax on associated gas, a side-product of crude production that oil companies often flare.
Russian oil companies are currently lobbying for a reduction in their own tax burden, arguing excessive export duties discourage them from reinvesting in new production.
Gas sector taxes are a fraction of those levied on Russia's oil sector.
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