The government is considering tax breaks on the planned hikes in the gas extraction duty for independent producers, with Novatek set to be the main beneficiary if the plans are approved, Vedomosti reported on Monday. Novatek, the country’s second-largest gas producer, may save more than 20 billion rubles ($717 million) on paying a gas extraction tax between 2012 and 2013, according to Vedomosti’s calculations. The mineral extraction tax, or […]