Poland Production Fees on Gas

♂

Sep 20, 11, 15:27 #1

Last month, Poland’s largest opposition Law and Justice party presented a draft law calling for output fees to be at least 40 percent of the value of the deposit. While the government argues mining fees should not be set before gas deposits are proven, in June Pawlak said the country saw Norway and its sovereign wealth fund as a model to benefit from shale gas production.

“Royalties are less than 1 percent now, so very low,” Buggenhagen said. “They will go up, for sure, But if you raise it to 40 percent you’re going to discourage the investment.”

http://www.bloomberg.com/news/2011-09-20/soros-backed-san-leon-says-po lish-shale-gas-profits-to-beat-u-s-.html

In my opinion Poland should do like the Norwegians and take a 40% and not a loousy 1%.

I hope that the Polish goverment wont back down and agree on lower taxes on its gas fields just because they are scared to loose investors. I mean there is still huge profit to be made for the intenational firms even if they have to pay 40%.

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