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Gazprom

Company nameGazprom
Газпром
Company typePublic
IndustryOil and gas industry
Founded 1989
HeadquartersMoscow
Key peopleViktor Zubkov (Chairman)
Alexei Miller (Vice-Chairman & CEO)
ProductsNatural gas
Petroleum
ServicesGas pipeline transport
Revenue(+) US$117.2 billion (2010)
Net income(+) US$31.9 billion (2010)
Owner(s)Russian Government (50.01%)
Employees376300
SubsidiaryList of subsidiaries

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Open Joint Stock Company Gazprom (Открытое Акционерное Общество «Газпром», OAO Gazprom , -ruɡɐsˈpromIPA) is the largest extractor of natural gas in the world and the largest Russian company. Its headquarters are in Cheryomushki District, South-Western Administrative Okrug, Moscow. 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 a controlling stake.

In 2008, the company produced 549.7 billion cubic metres (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 activities accounted for 10% of Russia's gross domestic product in 2008.

The major part of Gazprom's production fields are located around the Gulf of Ob in 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 different industry sectors, including finance, media and aviation. In addition, it controls majority stakes in various companies.

Gazprom is publicly traded at stock exchanges as RTS - GAZP, MICEX - GAZP, Lse - OGZD, FWB - GAZ and OTC:OGZPY.

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Gazprom Purchase of Refinery Not 'Appropriate', Kocourek Tells Hospodarske - Bloomberg Tweet this news
Bloomberg--By Lenka Ponikelska - Fri Apr 22 06:31:44 GMT 2011 -Gazprom- OAO (GAZP)'s possible purchase of a stake in Ceska Rafinerska AS, a Czech-based refinery, would not be “appropriate at this time,” Czech Industry and Trade Minister Martin Ko - Date : Fri, 22 Apr 2011 06:49:10 GMT+00:00
Gazprom reviews South Stream feasibility - UPI.com Tweet this news
UPI.com--MOSCOW, April 21 (UPI) -- A feasibility study for the South Stream natural gas pipeline has been competed for Serbia, Slovenia, Austria, Croatia and Romania, gas company -Gazprom- said. Alexei Miller, the board chairman at Russian natural gas mon - Date : Thu, 21 Apr 2011 14:08:59 GMT+00:00
Russia's Gazprom to merge OGK-2 and OGK-6 - Reuters Africa Tweet this news
Reuters Africa--MOSCOW, April 21 (Reuters) - -Gazprom- will move to merge its two biggest power generation assets by folding OGK-6 (OGK6.MM: Quote) into a smaller unit, OGK-2 OGKB.MM at a shareholder meeting on April 25, the companies said on Thursday. .. - Date : Thu, 21 Apr 2011 10:36:32 GMT+00:00
Gazprom Neft opens a Project Academy in SKOLKOVO - Oil and Gas Industry Latest News Tweet this news
Oil and Gas Industry Latest News---Gazprom- Neft's Project Academy opened at the SKOLKOVO School of Management in Moscow. Managers and specialists from -Gazprom- Neft's corporate centre and staff from the company's subsidiaries will take pa - Date : Thu, 21 Apr 2011 14:11:59 GMT+00:00
Gazprom puts the deal for Libya's oilfield stake on "temporary hold" - Russia-InfoCenter Tweet this news
Russia-InfoCenter---Gazprom- has postponed it's decision to entry the consortium to develop oil and gas fields in Libya until stabilisation of the situation in the country. In early 2010 Italian ENI and -Gazprom- have agreed that -Gazprom- Neft will - Date : Fri, 22 Apr 2011 10:05:05 GMT+00:00
Gazprom, Japan's Itochu discuss Japan's power supply restoration - ITAR-TASS Tweet this news
ITAR-TASS--MOSCOW, April 21 (Itar-Tass) -- Deputy Chairman of the -Gazprom- Board Alexander Ananenkov and Director of the Japanese company Itochu Yoichi Kobayashi met here to discuss the proposals seeking for the soonest restoration of stable power suppli - Date : Thu, 21 Apr 2011 06:25:24 GMT+00:00
Gazprom Neft Opens a Project Academy in Skolkovo - Oil and Gas Industry Latest News Tweet this news
Oil and Gas Industry Latest News---Gazprom- Neft's Project Academy has opened at the SKOLKOVO School of Management in Moscow, the company reported in a news release. Managers and specialists from -Gazprom- Neft's corporate centre and staff from - Date : Thu, 21 Apr 2011 05:13:45 GMT+00:00
Naftogaz returns 12.1 bcm of gas to RosUkrEnergo - Firtash - Interfax Tweet this news
Interfax--Naftogaz, RUE and -Gazprom- announced that they had settled the issue of the 12.1 bcm in late November 2010. Under the agreement, Naftogaz agreed to return the gas to RUE and RUE to repay debts of $1.7 billion to Naftogaz and $810 million to -Ga - Date : Wed, 20 Apr 2011 13:22:02 GMT+00:00
Gazprom invests 26 bln rbl in gas supply program in 2010 - ITAR-TASS Tweet this news
ITAR-TASS--MOSCOW, April 19 (Itar-Tass) - Russian gas giant -Gazprom- invested 25.6 billion rubles into a program to provide gas supplies in Russia's regions, the company said in a statement Tuesday, the economic news agency Prime-Tass reported. ... - Date : Tue, 19 Apr 2011 12:18:17 GMT+00:00
Gazprom To Keep Design - St.Petersburg Times.ru Tweet this news
St.Petersburg Times.ru--The architectural project for -Gazprom's- planned business center that was originally intended to be built in St. Petersburg's Krasnogvardeisky district will form the basis of the company's new construction project o - Date : Wed, 20 Apr 2011 00:01:20 GMT+00:00

Production :
billion cubic metres 2004 2005 2006 2007 2008
Natural gas 552.5 555.0 556.0 548.6 549.7
Source: Gazprom in figures 2004-2008.

Production :
million tons 2004 2005 2006 2007 2008
Crude oil 0.9 9.5 34.0 34.0 32.0
Condensate 11.1 11.5 11.4 11.3 10.9
Source: Gazprom in figures 2004-2008.

Imports from Central Asia :
trillion cubic metres 2004 2005 2006 2007 2008
Natural gas 20.90 20.66 20.73 20.82 21.03
Source: Gazprom in figures 2004-2008.

Exploration :
2004 2005 2006 2007 2008
Volume Price Volume Price Volume Price Volume Price Volume Price
Russia 306 bcm $47/mcm 307 bcm $36/mcm 316 bcm $43/mcm 307 bcm $42/mcm 287 bcm $67/mcm
CIS+Baltic 66 bcm $36.33/mcm 77 bcm $50.02/mcm 101 bcm $76.37/mcm 100 bcm $91.6/mcm 96.5 bcm $118/mcm
Europe 153 bcm $101.61/mcm 156 bcm $140.09/mcm 162 bcm $192.59/mcm 168.5 bcm $185/mcm 184.4 bcm $313/mcm
Prices are excluding VAT and tax and custom duties. Sources:

RTSI companies of Russia

Acron * Aeroflot * AFK Sistema * Bashneft * CenterTelecom * FGC UES * Gazprom * Gazprom Neft * Holding IDGC * Inter RAO UES * Lukoil * Magnit * Mechel * MMC Norilsk Nickel * MMK * Mosenergo * MTS * M.video * North-West Telecom * NCSP * NLMK * Novatek * OGK-1 * OGK-2 * OGK-4 * OPIN * Pharmstandard * Polymetal * Polyus Gold * Raspadskaya * Rosneft * RusHydro * Sberbank * SeverStal * Sibirtelecom * Silvinit * SOLLERS * Surgutneftegas * Tatneft * Transneft * Ufaneftekhim * Uralkali * Uralsvyazinform * VolgaTelecom * VSMPO-AVISMA * VTB Bank * WGC-3 * WBD Foods

Petroleum industry

ExplorationPetroleum engineering (Reservoir simulation * Seismic to simulation) * Petroleum geology * Geophysics * Seismic (Seismic inversion) * Petrophysics * Core sampling
DrillingDrilling engineering * Underbalanced drilling * Directional drilling * (Measurement while drilling * Geosteering) * Drilling fluid * Drill Stem Test
DevelopmentCompletion (Squeeze job) * Well logging * Pipeline transport * Tracers
ProductionArtificial lift (Pumpjack * ESP * Gas lift) * EOR (Steam injection * Gas reinjection) * Water injection * Well intervention * Upstream * Midstream * Downstream * Refining
Technical challengesDifferential sticking * Drilling fluid invasion * Blowouts * Lost circulation
Oil and gas agreementsProduction sharing agreements * Concessions * Service Agreements * Risk agreements
Data by countryTotal energy (consumption per capita * intensity) * Natural gas (consumption * production * reserves * imports * exports) * Petroleum (consumption * production * reserves * imports * exports)
SupermajorsExxonMobil * Royal Dutch Shell * BP * Chevron Corporation * ConocoPhillips * Total S.A. (See also: National oil companies)
Major oil provincesNorth Sea * East Texas * Persian Gulf * Athabasca oil sands * Gulf of Mexico * Venezuela * Niger Delta * Russia
Related articlesOPEC * History of petroleum * Peak oil * Oil price increases since 2003 * Price of petroleum * Society of Petroleum Engineers * Swing producer



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