Freezing the export tariff on oil and increasing the natural resources extraction tax in 2016, measures to minimize foreign currency and credit risks of renewable energy projects, ensuring customers pay for consumed energy resources, Chinese investments in the Yamal LNG project, differentiation of consumer rates depending on the amounts consumed. The Analytical Center has prepared another review on the regulation of the fuel and energy sector in Russia and around the world.
Among Russian innovations, experts took special note of the electric power sector where differentiated rates have been introduced for the general public depending on the amounts of power consumed and the deadlines for payment for power transmission services have been synchronized with the deadlines for payment for consumed power. Interesting developments abroad included the development of alternative hydrocarbons in Indonesia, the reform of the power industry in Turkey, the lowering of taxes in Ukraine’s natural gas sector and the lifting of the oil export ban in the US.
The review looks at Norway as an example of changes in the taxes levied on oil and gas projects. The review also features a provisional section that analyzes the international sanctions that may affect Russia’s fuel and energy sector.
For more details, see the Bulletin Changes and Trends in the Regulation of the Fuel and Energy Sector in Russia and the World in Q4 2016.
The EY Moscow Oil & Gas Center took an active part in preparing the Review as per usual.
For other Bulletins see Publications.