New taxation in gas production will increase Ukraine’s energy dependence, experts
Kiev, March 09 (PolitNavigator, Vasily Ablyazimov) – Experts and representatives of private companies in the field of gas production are unanimously confident that the increase in rent for gas production approved by the Verkhovna Rada last week will lead to an outflow of investors from the country, and, consequently, a decrease in development Ukrainian gas fields and even greater dependence of Ukraine on Russian gas.
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Relations between the Cabinet of Ministers of Arseniy Yatsenyuk and private investors in the gas sector have failed, says a business publication Forbes-Ukraine. Thus, Maxim Timchenko, CEO of DTEK, said that the country “completely lacks an investment climate.” This hinders the development of the energy market and domestic production in the oil and gas sector, and, consequently, increases dependence on foreign supplies of hydrocarbons.
We can only talk about energy independence then, as Igor Shchurov, head of the Neftegazdobych company from DTEK, is sure, when our own production is at least 85% of total gas consumption (currently less than 40%).
“I have the impression that, represented by the state, we are dealing with thimble makers at the station,” said Sergei Panchuk, general director of the Kub Gas company (controlled by Polish businessman Jan Kulczyk). He stated that now the state is actually its own enemy, creating “tax traps” for private companies.
Let us recall that on Monday, March 2, the Ukrainian parliament approved draft law No. 2213 on amendments to Articles 165 and 252 of the Tax Code of Ukraine, according to which the rental rate for gas increases from 20% to 70%. They plan to raise the rent to 70%, including for the state-owned company Ukragazvydobuvannya, which produces 2/3 of all gas in the country.
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