OAO Gazprom
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Gazprom is a vertically integrated gas company controlling 70% and 94% of Russia’s gas reserves and production, respectively, and 100% of the domestic gas pipeline network. It is the largest gas company in the world, accounting for about 25% of world gas production and 23.5% of the world’s proven reserves. The company was incorporated under a special presidential decree (No. 1333 of November 5, 1992) and inherited all CIS export contracts to Central and Western Europe.
Gas production and transmission remain the core of Gazprom’s business, representing over 95% of the group’s revenues. Downstream operations consist of three separate geographical businesses: Europe, the CIS and Russia. Two key assets make up the backbone of Gazprom’s operations - its reserves and pipeline network. |
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Recent Articles
Gazprom Issues New Tender for Badra Oil Wells
Thursday, May 23, 2013 Gazprom Neft issues a new tender to drill six oil wells at the Badra oil field in eastern Iraq.
Wednesday, May 15, 2013 Vietnam and Russia have signed deals for three oil and gas projects.
EU Commissioner: Shale Gas Could Curb Gazprom Prices
Friday, May 10, 2013 The development of shale gas in Europe could help the continent obtain better deals from its current key supplier, Gazprom, EU Energy Commissioner Guenther Oettinger says.
Tuesday, April 09, 2013 Gazprom and Shell agree on a Russian Arctic offshore E&P partnership, and also confirm shale oil cooperation in Western Siberia.
Friday, April 05, 2013 Shell and Gazprom Neft say they will sign an agreement to partner on projects in Russia's Arctic shelf.
Gazprom Wants Stake in Eni's Mozambique Gas Assets
Wednesday, March 20, 2013 Eni is willing to talk to Gazprom about a natural gas deal in Mozambique, although there has been no interest expressed by the Russia behemoth, CEO Paolo Scaroni said.
Gazprom Could Bail Out Cyprus in Gas Deal
Wednesday, March 20, 2013 Cash-strapped Cyprus could see a deal with Gazprom to restructure the country's finances in return for gas concessions.
Iraq Postpones Budget on Account of Kurdistan Dispute
Tuesday, February 12, 2013 Iraqi lawmakers' differences over paying oil companies in Kurdistan delays the country's budget.
Gazprom Warns on Profit
Friday, February 08, 2013 Gazprom warned investors of a drop in profits and shrinking cash flow in 2012, sending its stock to its lowest since July 2009 before a slight recovery.
Samsung Engineering Bags $879M EPC Contract in Iraq
Wednesday, February 06, 2013 Samsung Engineering secures a contract, worth $879 million, from Gazprom Neft to construct gas processing facilities in Badra, Iraq.
Russia's Rosneft to Lead Junin-6 Oil Project in Venezuela
Tuesday, January 29, 2013 Oil giant OAO Rosneft will become the leader of a Russian consortium that runs the Junin-6 oil block in Venezuela, a project being developed in partnership with state energy monopoly Petroleos de Venezuela.
Ukraine, Shell to Sign $10 Billion Shale Gas Deal
Thursday, January 24, 2013 Ukraine and Royal Dutch Shell will sign a landmark multi billion-dollar agreement to develop unconventional gas resources as the former Soviet republic tries to reduce its dependence on Russian gas supplies.
Several Gazprom Clients in Europe Request Gas Price Revision
Thursday, January 17, 2013 Gazprom has received requests this year from several European clients, including GDF Suez SA, to revise gas prices, a Gazprom executive said.
Iraq, Gazprom Award $879M Badra Deal to Samsung
Tuesday, January 15, 2013 Iraq and Gazprom Neft awarded an $879 million contract to South Korea's Samsung Group to develop the Badra oil field in eastern Iraq, the Iraqi government said.
Gazprom Begins New Tight Oil Project
Friday, January 11, 2013 Gazprom Neft begins drilling appraisal well as part of a program to develop unconventional oil reserves.
Gazprom, Novatek to Produce LNG on Yamal Peninsula
Thursday, January 10, 2013 Russian state-owned gas giant is teaming up with independent producer Novatek to producer liquefied natural gas on the Yamal Peninsula.
BASF, Gazprom to Swap O&G Assets With Billions in Sales
Wednesday, November 14, 2012 BASF has agreed with Gazprom on an asset swap that will see BASF exiting activities which had $10.9 billion in sales last year.
Gazprom to Maintain 2013 Capex at $25.4B
Thursday, November 08, 2012 Gazprom will maintain its capital expenditure at 800 billion rubles ($25.4 billion) in 2013, the same level as this year, the company's Deputy Head Andrei Kruglov said.
Gazprom Board Sees Shale Gas Production as 'Unreasonable' Prospect
Tuesday, October 30, 2012 Gazprom said its board considers shale gas production an "unreasonable" prospect, merely a week after President Putin urged the national energy giant to retune its strategy to adapt to changing market conditions.
Monday, October 29, 2012 Gazprom will spend $38.4B launching a gas field and pipeline to Vladivostok in the country's far east by the end of 2017, Interfax quoted the company's chief executive as saying.
