Alexey Gromov, Principal Director on Energy Studies of the Institute for Energy and Finance, commented to the Oil and Capital online publication on the possible consequences of an increase in the tax burden for enterprises in the Russian gas industry.
Alexey Gromov believes that the decisions made by the Russian financial authorities regarding the increase in the tax burden on the company are aimed primarily at fulfilling short-term tasks - filling the budget this and especially next year:
“For Gazprom, this will mean a reduction in investment programs if it is necessary to develop export infrastructure in the east of the country, there is a chance that the construction of the Power of Siberia-2 gas pipeline will need to be launched. I believe that under such conditions, Gazprom will initiate discussions in the government on the gradual liberalization of the domestic gas market in order to increase gas prices. But for now, this will primarily affect industrial consumers and power generation,” Gromov believes.
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