Public Joint Stock Company Gazprom is a global energy company headquartered in Russia, recognized as one of the world’s largest producers of natural gas. Originally established in 1989 as the successor to the Soviet Ministry of Gas Industry, Gazprom has evolved into an integrated energy holding with activities spanning the full value chain of gas and oil. The company is majority-owned by the Russian government and operates through a network of subsidiaries and joint ventures.
Gazprom’s core business centers on the exploration and production of natural gas and crude oil. The company holds some of the world’s largest gas reserves across Western Siberia, the Yamal Peninsula, and the Far East of Russia. Its infrastructure includes an extensive pipeline system—operated by Gazprom Transgaz—storage facilities, and underground gas storage sites that support both domestic supply and large-scale exports. In addition to conventional gas sales, Gazprom has developed a liquefied natural gas (LNG) segment and is active in gas processing, petrochemicals, and power generation through its Gazprom Energoholding subsidiary.
Gazprom plays a key role in meeting energy demand across Europe and Asia. Major pipeline projects such as Nord Stream, TurkStream, and Power of Siberia facilitate direct delivery to European and Asian markets, while partnerships in China and Turkey support diversification of export routes. Domestically, Gazprom supplies natural gas to Russia’s regions and fuels an extensive network of distribution companies. The company has also invested in renewable energy research and modernizing its operations to improve efficiency and environmental performance.
Under the leadership of Chief Executive Officer Alexey Miller, Gazprom has pursued strategic expansion and maintained close collaboration with government authorities. The Board of Directors includes representatives from the Russian government and industry experts who oversee corporate governance, development strategy, and international cooperation. Gazprom continues to leverage its resource base and infrastructure capabilities to secure its position in the global energy market.
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