Yamal exemptions could hurt Russian revenues – Gazprom

Tax exemptions on gas sold from the Yamal LNG project could see Novatek cutting into the share of Russian pipeline gas on the European market.
By Staff reporter 6 December 2017 0 28691

Tax exemptions on gas sold from the Yamal LNG project could see plant operator Novatek cutting into the share of Russian pipeline gas on the European market, Nikolai Kislenko, deputy head of Gazprom’s Department 123 said on Tuesday.

Eating into Gazprom’s market share would cause Russia to miss out on the tax that would have been generated from pipeline sales, Kislenko added.

"The gas that it will replace is that which Gazprom [via taxes and duties] would be putting into the Russian budget. In other words, an...

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