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Russian oil and gas companies: government to propose amendments to gas MET schedule

 
08.06.2012

According to RBC Daily, the Ministry of Energy is set to propose new gas MET schedule at a government meeting scheduled for 9 June. The proposed new MET formula will depend on domestic gas prices, export prices and the technical complexity of the fields.

If lower than previously announced MET rates are introduced, it would be positive for Russian gas produces. However, in general, amendments to recently adopted government regulations could be treated negatively by investors, as they could lead to increased volatility.

Dmitry Loukashov, Ekaterina Rodina, Alexander Kirevnin, Elena Kopylova, Mikhail Zarkhi
VTB Capital analyst

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