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You're reading: Government revises proposal on changing deposit use royalty for gas extraction not for needs of households, cutting it to 55 percent and 28 percent
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The initiative is stipulated in draft law No. 4309A registered on July 21 and revised on July 30.

Earlier the Cabinet of Ministers of Ukraine proposed that the
royalties for the use of deposits for gas that is sold for needs other
than those of households be increased to 70 percent irrespective of the depth
of wells where it is extracted, while the new draft law sets the royalty
of 55 percent for gas extracted at the depth of up to five km and 28 percent for the
depth of over five km.

At present, the royalties for the use of deposits during gas
extraction which is sold for needs other than those of households amount
to 28 percent of the cost of gas for the depth from five kilometers and 15 percent
for the depth over five kilometers.

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