Gazprom to be obliged to disclose costs on investment program

The Government will oblige Gazprom to disclose the structure of its investment from next year, it will make tariff for gas more transparent. According to a source in the Ministry of Economic Development, the Government prepared a bill that will force the monopoly to disclose its spending on investment projects. The bill is in the process of submission to the State Duma, presumably it will be adopted in the autumn session and will enter into force next year, says the source.

According to the text of the bill, prepared by the Ministry of Economic Development, the Government intends to "establish a procedure for the approval, coordination and supervision over the implementation of investment programs of natural monopolies". Earlier the Ministry of Economic Development spoke in scenario conditions of the economic development in 2016-2018 about the desire to oblige the gas monopoly to emphasize regulated activities in investment programs to "limit the growth of the final price of gas".

The Ministry wants to see separately costs of Gazprom on extraction and transport (wholesale price at the output of the pipeline), gas transportation via pipelines and gas distribution networks. Now Gazprom doesn’t make this data public, but the Federal Tariff Service calculates tariffs and consumption of gas for the population (retail price) and industrial customers (wholesale) and for the transportation of gas for independent producers on basis of them.