JKX is seeking repayment of more than $180 million in rental fees that its Ukrainian subsidiary has paid on production of oil and gas in Ukraine since 2011,” the company said in a statement. The company last year said new budget measures passed by the Ukrainian government meant higher taxes for the oil and gas industry in the country. The most significant, it said, was a move to nearly double the tax on gas production to close to 55 percent. JKX, which has headquarters in London, said the market available to private gas producers in Ukraine was contracting, noting the competition for industrial customers was becoming “intense.” In January, the company said the economic climate in Ukraine is no longer conducive to continue investing in shale natural gas opportunities The company said Monday it started arbitration […]