Subscribe  Log in | Register | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
Search
Related Articles
Global LNG analysis report 2023 – Part 3
The third part of this deep-dive analysis looks at liquefaction and regasification developments in the Europe and Russia
Europe’s confidence on gas may be premature
The region has made significant progress on reducing exposure to Russian gas, but despite rosy assessments by politicians, challenges remain
Russian firms exit Europe’s shrinking refining sector
Hampered by sanctions and ill will, Russian majors are departing Europe, but refiners’ focus was already moving east
Ice to launch London-based TTF market
The move will allow participants to hedge without being affected by the EU’s incoming market cap rules
Beating the Russian products ban
Legal and illegal efforts to skirt the prohibition are likely to intensify—especially in Turkey, the Balkans and Eastern Europe
EU bodies issue gas price cap warnings
Two preliminary reports echo industry criticisms, although lower prices have reduced the likelihood of the mechanism being triggered
Serica faces ‘aggressive’ questioning on Tailwind deal
The UK-focused producer is finding shareholders disgruntled by its latest proposed M&A
Capricorn resignations a blow to Newmed merger plans
The disputed deal is playing out in public, as Capricorn’s board and activist shareholder Palliser both issue statements and rebuttals
Europe prepares for Russian product import ban
The European products market is the latest battlefield in the conflict between Moscow and the West
Kistos looks elsewhere after tax raids
The North Sea-focused producer is unimpressed by UK, Dutch and EU legislation
Kistos to explore outside of UK and Dutch jurisdictions
Tax Kistos EU UK Netherlands
Peter Ramsay
Editor-in-chief
18 January 2023
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Kistos looks elsewhere after tax raids

The North Sea-focused producer is unimpressed by UK, Dutch and EU legislation

UK-listed independent Kistos “is actively evaluating opportunities outside of the UK and Dutch jurisdictions” after a triple hit from so-called windfall taxes. The scale and manner of tax changes in the Netherlands—with Cjins and EU Solidarity tax—and in the UK—with the Energy Profits Levy (EPL)—have made investment decisions more challenging for the firm’s board, it warns. Cijns is a fee on turnover generated from oil and gas production in the Netherlands. The Dutch government plans a temporary rate of 65pc to apply to turnover specifically generated from the sale of gas at a price higher than €0.50/m³ during 2023 and 2024. For 2022, the Dutch response to the EU’s solidarity contribution de

Welcome to the PE Media Network

PE Media Network publishes Petroleum Economist, Hydrogen Economist and Carbon Economist to form the only genuinely comprehensive intelligence service covering the global energy industry

 

Already registered?
Click here to log in Subscribe now
to get full access Register now
for a free trialAny questions?
Contact us

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Crude tanker market outlook remains strong
20 March 2023
Ukraine fallout continues to elevate tanker demand while restricting vessel availability
Global capex growth to moderate
20 March 2023
Worldwide E&P spending is set to increase in 2023, albeit at a slower pace than last year, Evercore predicts
Letter from London: Aramco shows the West how to have it both ways
Opinion
17 March 2023
Saudi NOC has a clear strategy on energy security and the transition, providing a lesson to the often confused West
Subdued Asian LNG interest produces large stockpiles
16 March 2023
Weak prices support demand but mild weather, delayed gas projects, large reserves and nuclear alternatives set to blunt upturn

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
  • Twitter
Tweets by Petroleum Economist
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2023 The Petroleum Economist Ltd
Cookie Settings
;

Search