Gazprom Net Worth is$159.8 B
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Type: Public company (Open Joint-Stock Company)
Traded As: GAZP, GZPFY
Foundation: 1989
Location City: 16 Nametkina st., Moscow
Location Country: Russia
Key People: Viktor Zubkov (Chairman#Corporate governance),
Industry: Oil and gas industry
Products: Petroleum, natural gas, and other petrochemicals
Services: Gas pipeline transport
Revenue: operating income
Net Income: {{profit US$44.6 billion (2011) Owner: Russian Government (50.01%)
Num Employees: 393,000
Subsid: List of Gazprom's subsidiaries
Coordinates: 55A?39a??31a??N 37A?33a??23a??Ei>>? / i>>?55.65861A?N 37.55639A?Ei>>? / 55.65861; 37.55639
Open Joint Stock Company Gazprom (??N???N?N?N?? 3/4 ?u ????N??,? 3/4 ? 1/2 ?uN?? 1/2 ? 3/4 ?u ????N??uN?N???? 3/4 A<>, OAO Gazprom Russian: ?????? A<>, IPA: [E?E?sE?prom]) is the largest extractor of natural gas and one of the largest companies in the world. Its headquarters are in the Cheryomushki District, South-Western Administrative Okrug, Moscow. Its name is a contraction of Russian: ??????? 3/4 ????N? ??N?? 3/4 ? 1/4 N?N??>>?u? 1/2 ? 1/2 ? 3/4 N?N?N?, tr. Gazovaya Promyshlennost, meaning "gas industry". Gazprom was created in 1989 when the Ministry of Gas Industry of the Soviet Union transformed itself into a corporation, keeping all its assets intact. The company was later privatized in part, but currently the Russian government holds most of the control in its hands.
In 2011, the company produced 513.2 billion cubic metres (18.12 trillion cubic feet) of natural gas, amounting to 17% of worldwide gas production. In addition, Gazprom produced 32.3 million tons of crude oil and 12.1 million tons of gas condensate. Gazprom's activities accounted for 8% of Russia's gross domestic product in 2011.
The major part of Gazprom's production fields are located around the Gulf of Ob in the Yamalo-Nenets Autonomous Okrug in Western Siberia, while the Yamal Peninsula is expected to become the company's main gas producing region in the future. Gazprom possesses the largest gas transport system in the world, with 158,200 kilometres of gas trunk lines. Major new pipeline projects include Nord Stream and South Stream.
The company possesses subsidiaries in many various industry sectors, including finance, media and aviation. In addition, it controls a majority of stakes in various companies.
A separate Soviet gas industry was created in 1943. Large natural gas reserves discovered in Siberia and the Ural and Vol

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Gazprom Latest News

Russia’s Gazprom eyes gas exports rise to Europe where production is falling

Europe’s declining gas production will ensure a steady rise in Russian gas imports by the continent which could grow as much as 50 percent by 2035, the head of Russian gas exporter Gazprom said on Thursday. The statement came as the European Union and ...
Posted: May 25, 2018, 6:31 am

Russia’s Gazprom CEO says gas exports may rise in 2018 – Interfax

Russia’s Gazprom exports to countries outside the ex-Soviet Commonwealth of Independent States (CIS) may rise to 199 billion cubic meters in 2018, Interfax news agency reported on Thursday citing Gazprom’s Chief Executive Officer Alexei Miller.
Posted: May 24, 2018, 12:25 pm

E.U. Settles With Russia’s Gazprom Over Antitrust Charges

The European Commission said on Thursday that it had reached a settlement with Gazprom, finally concluding a long-running antitrust investigation into the Russian energy giant’s dominance in regional gas markets. Officials in Brussels said the company ...
Posted: May 24, 2018, 10:45 am
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