Articles by Lev Snykov, Senior Analyst
- 07 July 09
- VTB Capital
While we expect a major recovery in gas sector fundamentals in the second half of 2009, there are two regulatory issues on the risk side of the story to be settled in the coming months. First, the government might increase the gas extraction tax next year. Second, we have yet to face the decision on gas tariff hikes in 2010, which might differ from that which was previously approved (increases of 13% in January and 12% in July 2010), capping gas tariff growth amid a weaker economy.
- 09 June 09
- By Lev Snykov, Senior Analyst