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EastRussia Bulletin: Communist Party Gains Points on Sakhalin Struggle for its Oil and Gas Incomes - EastRussia | Far East

Irkutsk
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EastRussia Bulletin: Communist Party gains points on Sakhalin fight for its oil and gas revenues

EastRussia Bulletin: Communist Party gains points on Sakhalin fight for its oil and gas revenues
Photo: EastRussia
Against the background of the adoption of the federal budget, Sakhalin continues to struggle to preserve its oil and gas revenues in the region. The aggravation of this struggle takes place with the participation of representatives of the Communist Party of the Russian Federation in the region - the party had previously been a strong opposition force in the island region and is now seeking to use the new agenda, according to the next published issue of the EastRussia bulletin.

The redistribution of oil and gas revenues of Sakhalin continues to evoke protests, which is used by opposition representatives in the region. Last week, a picket was held in Yuzhno-Sakhalinsk, at which the Communist Party of the Russian Federation and its supporters expressed disagreement with the cuts in revenues of the regional budget. Deputies from the Communist Party of the Russian Federation publicly accused the federal center of fraud: the bill providing for the redistribution of funds was sent to the regional council only in the first reading, and later the objections of regional parliamentarians were not taken into account. Also, deputies from the Communist Party of the Russian Federation spoke about disagreement with the actions of the Chairman of the Duma Andrei Khapochkin (United Russia), who participated in the negotiations on the return of part of the funds to Sakhalin in the form of subsidies. Thus, it can be stated that the representatives of the Communist Party of the Russian Federation on Sakhalin against the background of the resonant struggle for the budget decided to earn political points. The most active on this issue was expressed by the deputy of the regional council S. Ivanova, the representative of the party A. Lukashevich (press secretary) and the candidate in the by-election of the deputy to the Duma of Yuzhno-Sakhalinsk, which will be held in December, G. Podoinikova Kornienko).

The Russian State Duma adopted in second reading a draft law on the federal budget for 2018 year and the planning period for 2019-2020. Among the amendments recommended for adoption by the second reading is a temporary compensation for part of the losses of the Sakhalin budget that the region will incur by transferring to the federal budget 75% of income tax revenue from the production-sharing agreement for the Sakhalin-2 project. According to the amendments adopted in the Budget Code, in 2018 it is planned to compensate the region for half of the shortfall in income, that is, about 16,9 billion rubles. The withdrawn funds will partially return to Sakhalin through subsidies and direct them to fulfill social obligations to residents and implement investment projects.

It was reported earlier that LNG exports increased in the Sakhalin region - in January-September 2017, 8 million 13 thousand tons of LNG from the Sakhalin-2 project were exported to the Asia-Pacific market, which is almost 2% more than in the same period last year. The main share of exports still falls on Japan (almost 5,6 million tons worth more than $ 1,6 billion). 1,5 million tons (for $ 441,71 million) were supplied to the Republic of Korea. The rest is exported to China and Taiwan. The total value of LNG exports was $ 2,3 billion.

A detailed analysis of this and other relevant topics can be found in the weekly bulletin EastRussia (https://www.eastrussia.ru/subscribe/).