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Gazprom

is a energy company. Its major business lines are geological exploration, production, transportation, storage, processing and marketing of hydrocarbons as well as generation and marketing of heat and electric power. The majority shareholder in OAO Gazprom is the government with a 50.002 percent stake.

Gazprom Group possesses the world’s largest natural gas reserves amounting to about 17 percent of the global and 70 percent of domestic gas deposits.

According to the international PRMS standards the Group’s proven and probable hydrocarbon reserves are estimated at 27.3 billion tons of fuel equivalent and valued at $230.1 billion.

With 18 per cent of the global gas production, Gazprom is the leader among the world’s oil and gas companies.

Gazprom owns the world’s largest gas transmission system. Gazprom gas trunklines stretch 159.5 thousand kilometres.

A business priority of Gazprom is the development of the Yamal Peninsula, Arctic continental shelf, Eastern Siberia and the Far East.

For further information please refer to the Gazprom’s website at http://www.gazprom.com

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Official Website of the President of Russia:

Gazprom

http://en.kremlin.ru/catalog/glossary/62

Last updated at January 26, 2016, 17:41

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