The government is ready, as an experiment, to allow Rosneft to export gas to Europe

The Russian government agreed “as an experiment” to allow Rosneft to export 10 billion cubic meters of gas to Europe a year through an agency agreement with Gazprom. This is stated in the draft report of Deputy Prime Minister Alexander Novak to President Vladimir Putin, with which Kommersant got acquainted. Mr. Novak proposes to study the Ministry of Energy, as well as, together with the Ministry of Finance, analyze the possibility of amendments to the Tax Code on linking the mineral extraction tax with the volumes exported by Rosneft to spot prices in Europe. In late August, the head of Rosneft, Igor Sechin, against the backdrop of record high gas prices in Europe, asked Vladimir Putin to allow the company to export 10 billion cubic meters of gas a year through an agency agreement with Gazprom. In the letter, Mr. Sechin noted that the supplies “will help lift restrictions” on the part of the EU antimonopoly legislation regarding the permissible loading of the Nord Stream-1 and Nord Stream-2 gas pipelines, as well as Opal (continuation of Nord Stream-1) .More details….

Leave a Reply

Your email address will not be published. Required fields are marked *