Established 1989, Gazprom is the largest extractor of natural gas worldwide and the largest Russian company. The company was later privatized in part, but currently the Russian government holds a controlling stake.
Gazprom produces 83% of Russia’s natural gas and controls 17% of the world’s reserves; it possesses the richest natural gas reserves in the world. The company is engaged in gas exploration, processing, transport, and marketing. It operates Russia’s domestic gas pipeline network and delivers gas to countries across Central Asia and Europe.
In 2008, the company produced 549.7 billion cubic meters (BCM) of natural gas, amounting to 17% of the worldwide gas production. In addition, the company produced 32 million tons of oil and 10.9 million tons of gas condensate.
Gazprom’s production fields are mostly located around the Gulf of Ob in Yamalo-Nenets Autonomous Okrug in Western Siberia. Gazprom possesses the largest gas transmission system in the world, with 158.2 thousand kilometers of gas trunk lines. Major new pipeline projects include North Stream and South Stream.
With over 400,000 employees the company possesses subsidiaries in many different industry sectors, including finance, media and aviation. In addition, it controls majority stakes in various companies. Gazprom owns the gas trunk lines integrated in the Unified Gas Supply System (UGSS) of Russia
The Company has registered trademarks in Russia and abroad, with the exclusive right to use them held by Gazprom