Public Joint Stock Company
Gazprom (Russian: Публи́чное
акционе́рное о́бщество «Газпром»,
Publichnoe Aktsionernoe Obshchestvo Gazprom, abbreviated PAO Gazprom,
Russian: ПАО «Газпром», IPA: [ɡɐsˈprom]) is a
large Russian company founded in 1989, which carries on the business
of extraction, production, transport, and sale of natural gas. The
company is majority owned by the Government of Russia, though
technically private. Its name is a portmanteau of the Russian words
Gazovaya Promyshlennost (Russian: га́зовая
промы́шленность - gas industry). The headquarters of
Gazprom are in Moscow.
Gazprom was created in 1989 when the Soviet Ministry of Gas Industry
was converted to a corporation, retaining all of its assets. Gazprom
is involved in the Russian Government's diplomatic efforts, setting of
gas prices, and access to pipelines.
Gazprom's production fields are located around the
Gulf of Ob
Gulf of Ob in
Western Siberia. Plans have also been made to mine the Yamal
Peninsula. Gazprom's gas transport system includes 158,200 kilometres
of gas trunk lines. Projects include
Nord Stream and South Stream. In
Gazprom produced about 513.2 billion cubic metres
(18.12 trillion cubic feet) of natural gas, more than seventeen
percent of global gas production.
Gazprom also produced about
32.3 million tons of crude oil and nearly 12.1 million tons
of gas condensate.
The company has subsidiaries in industrial sectors including finance,
media and aviation, and majority stakes in other companies.
1.1 Inception (1989 - 1992)
1.2 Privatisation (1993 - 1997)
1.3 Tax evasion and asset-stripping (1998 - 2000)
1.4 Putin's reforms (2000 - 2003)
1.5 Establishment of government control (2005 - 2006)
1.6 Contracts with
China (2007 - 2015)
1.7 Notable acquisitions
2 Supply and reserves
2.2 Imports from Central Asia
3 Development and exploration
Blue Stream Pipeline
3.2 Yamal Peninsula
3.3 Shtokman field
3.4 Khanty-Mansiysk autonomous area (
5.2 Price disputes
6 Company characteristics
9.1 Board of directors
9.2 Management committee
10 Sports sponsorships
11 Environmental record
Yukos Oil fraud
Greenpeace protest against arctic drilling
13 See also
16 External links
Inception (1989 - 1992)
In 1943, during World War II, the government of the Soviet Union
developed a domestic gas industry. In 1965, it centralized gas
exploration, development, and distribution within the Ministry of Gas
Industry. In the 1970s and 1980s, the Ministry of Gas Industry found
large natural gas reserves in Siberia, the Ural region and the Volga
Soviet Union became a major gas producer.
In August 1989, under the leadership of Viktor Chernomyrdin, the
Ministry of Gas Industry was renamed the State Gas Concern Gazprom,
and became the Soviet Union's first state run corporate
In late 1991, when the
Soviet Union dissolved, gas industry assets
were transferred to newly established national companies, such as
Ukrgazprom and Turkmengazprom.
Gazprom kept assets located in
Russia and secured a monopoly in the gas sector.
Privatisation (1993 - 1997)
In December 1992, when Boris Yeltsin, the Russian President, appointed
Chernomyrdin, Gazprom's Chairman, his Prime Minister, the company's
political influence increased.
Rem Viakhirev took the chairmanship of
Gazprom's Board of Directors and Managing Committee.
Following the Decree of the President of the Russian Federation of 5
November 1992 and the Resolution of the Government of
Russia of 17
Gazprom became a joint-stock company.
Gazprom began to
distribute shares under the voucher method. (Each Russian citizen
received vouchers to purchase shares of formerly state-owned
By 1994, 33% of Gazprom's shares had been bought by 747,000 members of
the public, mostly in exchange for vouchers. Fifteen percent of the
stock was allocated to
Gazprom employees. The state retained 40% of
the shares. That amount was gradually lowered to thirty-eight
Trading of Gazprom's shares was heavily regulated. Foreigners were
prohibited from owning more than nine-percent of the shares. In
October 1996, 1% of Gazprom's equity was offered for sale to
foreigners as Global Depository Receipts. In 1997,
Gazprom offered a
bond issue of US$2.5 billion.
Tax evasion and asset-stripping (1998 - 2000)
Chernomyrdin, as Prime Minister of Russia, ensured
tight state regulation.
Gazprom evaded taxes, and the Government of
Russia received little in dividends.
Gazprom managers and board
members, such as
Chernomyrdin and the
Gazprom Chief Executive Officer,
Rem Viakhirev, engaged in asset-stripping.
Gazprom assets were shared
amongst their relatives. Itera, a gas trading company also received
Gazprom assets. In March 1998, for reasons unrelated to his
activities at Gazprom,
Chernomyrdin was fired by Yeltsin. On 30
Chernomyrdin was made Chairman of the Board of Directors of
Putin's reforms (2000 - 2003)
When, in June 2000,
Vladimir Putin became the President of Russia, he
acted to gain control over Russia's oligarchs, and increase the
Government of Russia's control in important companies through a
program of national champions. Putin fired
Chernomyrdin from his
position as the Chairman of the
Gazprom board. The Russian
Government's stock in
Gazprom gave Putin the power to vote out
Chernomyrdin and Vyakhirev were replaced by Dmitry Medvedev
and Alexei Miller. They were Putin's prior employees in Saint
Petersburg. Putin's actions were aided by the shareholder activism
Hermitage Capital Management
Chief Executive Officer William
Browder, and the former Russian Finance Minister Boris Fyodorov.
Miller and Medvedev were to stop asset stripping at
Gazprom and to
Itera was denied access to Gazprom's pipelines and
came close to bankruptcy.
Itera agreed to return stolen assets to
Gazprom for a fee.
Establishment of government control (2005 - 2006)
In June 2005, Gazprombank, Gazpromivest Holding,
Gazfond and Gazprom
Finance B. V., subsidiaries of Gazprom, sold a 10.7399% share of their
stock for $7 billion to Rosneftegaz (ru), a state owned
company. Some analysts said the amount paid by Rosneftegaz for the
stock was too low. The sale was completed by 25 December 2005.
With the purchased stock and the thirty-eight percent share held by
the State Property Committee, the Government of
Russia gained control
of Gazprom. The Government of
Russia revoked the
percent foreign ownership rule and the company became open to foreign
On 5 July 2006, the Federal Law, On Gas Export, was passed, nearly
unanimously, by the
State Duma and on the 7 July 2006, by the
Federation Council. On 18 July Putin signed the new legislation and on
20 July 2006, the law was published. It gave
Gazprom the exclusive
right to export natural gas from Russia.
China (2007 - 2015)
The ceremony marking the opening of a LNG production plant built as
part of the
On 4 September 2012, the European Commission, a Brussels-based
competition watchdog, announced an anti-trust investigation into
Gazprom's activities. This was based on "concerns that
Gazprom may be
abusing its dominant market position in upstream gas supply
On 21 May 2014, in Shanghai,
Gazprom and the
China National Petroleum
Corporation made a contract worth $400 billion over thirty years. The
contract was for
Gazprom to deliver 38 billion cubic meters of natural
gas per year to
China beginning in 2018. In August 2014,
construction began with pipes for the Power of
delivered to Lensk, Yakutia.
Russia will start supplying natural gas to
China through the Power of
Siberia pipeline on December 20, 2019 as part of the two countries'
$400 billion energy pact. Beijing and
Moscow are now negotiating over
a second Far Eastern gas pipeline.
In April 2001,
Gazprom acquired NTV, Russia's only nationwide
state-independent television station from Vladimir Gusinsky's company,
Media-Most holdings. In 2002, the
Gazprom Media acquired all of Gusinsky's shares in companies held by
In September 2005,
Gazprom bought 72.633 percent of the oil company
Sibneft for $13.01 billion.
Sibneft was renamed
Gazprom Neft. The
purchase was aided by a $12 billion loan.
Gazprom became Russia's
largest company. On the day of the deal the company worth was
valued at £69.7 billion (US$123.2 billion.)
In December 2006,
Gazprom signed an agreement with Royal Dutch Shell,
Mitsui and Mitsubishi, to take over fifty percent plus one share of
In June 2007, TNK-BP, a subsidiary of BP plc, agreed to sell its stake
Kovykta field in
Gazprom after the Government of Russia
questioned BP's right to export gas from Russia.
On 23 June 2007, the governments of
Russia and Italy signed a
memorandum of understanding towards a joint venture between Gazprom
Eni SpA to construct a 558-mile (900 km) gas pipeline to
carry 1.05 trillion cubic feet (30 km3) gas per year from
Russia to Europe. This
South Stream pipeline would extend under the
Black Sea to
Bulgaria with a south fork to Italy and a north fork to
Hungary. On 1 December 2007, during a visit to Turkey,
Putin said the project would not proceed and 63 billion cubic metres
per year (bcm/y) of gas would be shipped to
Turkey instead of
Bulgaria was being sued by the
European Union for signing a
contract with Russia, which was not aligned with European Union
regulations.The president of Bulgaria, Rosen Plevneliev, pressured the
European Union and
Russia to quickly resolve the matter.
In late November 2013,
Gazprom expanded its media interests by
acquiring Profmedia from Vladimir Potanin.
In June 2014,
Gazprom negotiated with the International Petroleum
Investment Company (IPIC of Abu Dhabi) over a 24.9 percent stake in
the Austrian oil and gas firm OMV.
Supply and reserves
Gazprom produced 513.17 billion cubic metres
(18.122 trillion cubic feet) of natural gas, which was 17 percent
of the worldwide production and 83 percent of Russian production. Of
this amount, the Yamburg subsidiary produced 41 percent, Urengoy 23.6
Nadym 10.9 percent,
Noyabrsk 9.3 percent and others 15.2
percent. In addition, the company produced 32.28 million tons of
oil and 12.07 million tons of gas condensate.
Gazprom's main fields are located in the Nadym-Pur-Taz region (near
the Gulf of Ob) in
Yamalo-Nenets Autonomous Okrug in Western Siberia.
HIstorically, the three largest fields are Medvezhe, Urengoy and
Yamburg. After more than twenty years of production, the
fields are now in decline. Production from the fields has decreased by
twenty to twenty-five bcm per year. The production at
Zaporliarnoe, Gazprom's fourth largest field, increased until 2004,
offsetting the decline in the other fields. Since 2004, Gazprom
has maintained production by activating new smaller fields and by
purchasing production assets from other companies.
Gazprom Neft produces crude oil. In 2005,
Gazprom purchased 75 percent
Gazprom Neft shares for $13.1 billion.
billion cubic metres
Gazprom in figures 2004-2008, 2007-2011, 2009-2013 and
Imports from Central Asia
Gazprom's ability to supply natural gas to dommestic market and for
reexport has relied to a large extent on imports from Central
Asia. In 2007,
Gazprom imported a total of 60.7 billion
cubic metres (2.14 trillion cubic feet) from Central Asia:
42.6 billion cubic metres (1.50 trillion cubic feet) from
Turkmenistan, 8.5 billion cubic metres (300 billion cubic
feet) from Kazakhstan, and 9.6 billion cubic metres
(340 billion cubic feet) from Uzbekistan. In particular,
Gazprom purchased seventy-five percent of
Turkmenistan gas exports in
order to supply gas to Ukraine. In 2008,
Gazprom paid $130/mcm to
$180/mcm for gas from Central Asia.
In 2015, Gazprom's proved and probable reserves of natural gas were
23.705 trillion cubic metres (837.1 trillion cubic feet), a
3.8% increase from the 2011 figure which represented 18.4% of the
world's reserves. In 2015, the reserves of crude oil were
1.355 billion tons and the reserves of gas condensate were
933.3 billion tons. 59.8 percent of Gazprom's natural gas
reserves (Categories A+B+C1) were located in the Urals Federal
District (decreasing), 20.5 percent in the
Arctic shelf (increasing),
and 8.3 percent in the
Southern Federal District
Southern Federal District and North Caucasus
trillion cubic metres
Gazprom in figures 2004-2008, 2007-2011 and
Development and exploration
Location of the Shtokman gas field
Gazprom has invested about 480 billion rubles ($20 billion)
in new major projects in order to maintain supply. Nearly
37 percent of Gazprom's reserves are located in the Yamal Peninsula
and in the Barents Sea.
Blue Stream Pipeline
Main article: Blue Stream
One of Gazprom's major projects is the
Blue Stream Pipeline. The
Blue Stream Pipeline delivers natural gas to
Turkey via the Black Sea.
In 1997, the
Blue Stream Pipeline agreement between
Turkey and Russia
was signed. In 2000, the first joint was welded. The pipeline has
transported 16 billion cubic meters each year.
Main article: Yamal project
Exploration of the Yamal peninsula has found reserves of over
10 trillion cubic metres of natural gas and over 500 million
tons of oil and gas condensate. About 60 percent of these reserves are
located in Bovanenkovo, Kharasavey and Novoportovo. The natural gas
production capacity of the Bovanenkovo field was estimated to be
115 billion cubic metres per annum (4.1 trillion cubic feet
per annum), with potential to increase to 140 billion cubic
metres per annum (4.9 trillion cubic feet per annum).
Main article: Shtokman field
Shtokman field is one of the world's largest natural gas fields.
It is located in the central part of the Barents Sea, 650 kilometres
(400 mi) northeast of the city of
Murmansk and 1,000 kilometres
(620 mi) west of the Yamal Peninsula. The field is estimated to
contain up to 3.7 trillion cubic metres (130 trillion cubic
feet) of gas. Potential production is 71 billion cubic metres
per annum (2.5 trillion cubic feet per annum) in the initial
phases, with a potential increase to 95 billion cubic metres per
annum (3.4 trillion cubic feet per annum). Gazprom, Total
Statoil (Norway) created a joint company Shtokman
Development AG for development of the field.
Khanty-Mansiysk autonomous area (
On 8 April 2013, in Amsterdam, Alexey Miller, Chairman of the Gazprom
Management Committee and Jorma Ollila, Chairman of the Board of
Royal Dutch Shell
Royal Dutch Shell signed in the presence of Putin and
Mark Rutte prime minister of
Netherlands a memorandum outlining the
principles of cooperation within hydrocarbons exploration and
development in the
Arctic shelf and a section of the deep-water shelf.
Gazprom carried out 284.9 kilometres (177.0 mi) of
explorative well drilling; 124,000 kilometres (77,000 mi) of 2D
seismic and 6,600 square kilometres (2,500 sq mi) of 3D
seismic survey. As a result, gas reserves grew by 583.4 billion
cubic metres (20.60 trillion cubic feet), and crude oil and gas
condensate reserves grew by 61 million tons.
Gazprom carries out prospecting and exploration in foreign countries
such as India, Algeria, Venezuela, Vietnam, Libya, Kazakhstan,
Kyrgyzstan and Tajikistan.
Gazprom's Unified Gas Supply System (UGSS) includes 158,200 kilometres
(98,300 mi) of gas trunklines and branches and
218 compressor stations with a 41.4 GW capacity. The UGSS is
the largest gas transmission system in the world. In 2008, the
transportation system carried 714.3 billion cubic metres
(25.23 trillion cubic feet) of gas. The UGSS has reached its
capacity. Major transmission projects include the
Nord Stream and
South Stream pipelines, as well as pipelines inside Russia.
Natural gas pipelines from
Russia to Europe
Gazprom sold 316 billion cubic metres
(11.2 trillion cubic feet) of gas to domestic customers;
162 billion cubic metres (5.7 trillion cubic feet) to the
rest of Europe; and 101 billion cubic metres (3.6 trillion
cubic feet) to CIS countries and the Baltic states. Gazprom
receives about 60 percent of its revenue from its sales to European
customers. In 2008, the average gas price paid by Russian
industrial customers was $71/mcm, while households paid $54/mcm.
Gazprom sales of gas 2004-2008 in mega cubic meters (mcm).
Prices are excluding VAT and tax and custom duties. Sources:
Natural gas prices have fluctuated. In late 2007, the
price of natural gas at the New York
NYMEX was 7,53 $ per MMBtu, at
26,4 m³ per
MMBTU representing a price of $285 per 1000 Cubic metres.
At the same time, based on their respective contracts with Gazprom,
German customers paid (per cubic metre) $250, Polish customers $290,
Ukraine customers $130 and Russian customers $49.
Russia in the European energy sector
Alexei Miller and Head of the
China National Petroleum
Zhou Jiping signed a $400 billion gas deal for natural gas
supplies via the Eastern Route between
Gazprom and CNPC, 21 May
Gazprom delivers gas to 25 European countries. Its main export
Gazprom Export LLC, founded in 1973 and before November 1, 2006
known as Gazexport, which has a monopoly on gas exports to countries
outside of the former Soviet Union. The majority of Russian gas in
Europe is sold on 25 year contracts. In late 2004,
Gazprom was the
sole gas supplier to Bosnia and Herzegovina, Estonia, Finland,
Macedonia, Latvia, Lithuania, Moldova, Serbia and Slovakia. It
provided 97 percent of Bulgaria's gas, 89 percent of Hungary's gas, 86
percent of Poland's gas, nearly 75 percent of the Czech Republic's, 67
percent of Turkey's, 65 percent of Austria's, about 40 percent of
Romania's, 36 percent of Germany's, 27 percent of Italy's, and 25
percent of France's gas. The
European Union receives about 25
percent of its gas supply from Gazprom.
In 2014, Europe was the source of 40% of Gazprom's revenue. The
proportion of Europe’s gas bought in the spot market rose from 15
percent in 2008 to 44 percent in 2012.
In September 2013, during the
Gazprom signed an agreement
CNPC that the
Henry Hub index would not be used to settle prices
for their trades. On 21 May 2014, Putin met with
Xi Jinping and
negotiated a $400bn deal between
Gazprom and CNPC. Under the
Russia was to supply 38 billion cubic meters of gas annually
over 30 years at a cost of $350 per thousand cubic meters beginning in
2018. In 2013, the average price of Gazprom’s gas in Europe was
about $380 per thousand cubic meters.
China offered a loan of
about $50bn to finance development of the gas fields and the
construction of the pipeline by
Russia up to the Chinese border, with
the Chinese to build the remaining pipeline.
On 1 January 2006, at 10:00 (
Moscow time), during the Russia-Ukraine
Gazprom ceased the supply of gas to the Ukrainian market.
Gazprom called on the government of
Ukraine to increase its payment
for natural gas in line with increases in global fuel prices. During
the night of 3 January 2006 and early morning of 4 January 2006,
Gazprom negotiated a deal that temporarily
resolved the long-standing gas price conflict between
On 3 April 2006,
Gazprom announced it would triple the price of
natural gas to Belarus after 31 December 2006. In December 2006,
Gazprom threatened to cease supply of gas to Belarus at 10 am
Moscow time on 1 January 2007, unless Belarus increased payments from
$47 to $200 per 1,000 cubic metres or to cede control over its
distribution network. Some analysts suggested
penalising Alexander Lukashenko, the President of Belarus, for not
delivering on pledges of closer integration with Russia, while
others noted that other countries like Armenia were paying as much for
their gas as Belarus would with the new price levels.
Gazprom later requested a price of $105, yet Belarus still refused
the agreement. Belarus responded that if supplies were cut, it would
Gazprom access to its pipelines, which would impair gas
transportation to Europe. However, on 1 January 2007, just a few
hours before the deadline, Belarus and
Gazprom signed a last-minute
agreement. Under the agreement, Belarus undertook to pay $100 per
1,000 cubic metre in 2007. The agreement also allowed
purchase 50 percent of the shares in Beltransgaz, the Belarusian
pipeline network. Immediately following the signing of this
agreement, Belarus declared a $42/ton transportation tax on Russian
oil travelling through the
Gazprom pipelines crossing its territory.
On 13 March 2008, after a three-day period where gas supplies to
Ukraine were halved,
Gazprom agreed to supply
Ukraine with gas for the
rest of the year. The contract removed intermediary companies.
On 1 April 2014,
Gazprom increased the gas price charged to Ukraine
from $268.50 to $385.50 (£231.00) per 1,000 cubic metres. Ukraine's
unpaid gas bills to
Russia stood at $1.7bn (£1.02bn). On 30
Russia agreed to resume gas supplies to
Ukraine over the
winter in a deal brokered by the European Union.
Gazprom is a vertically integrated company, one which owns its supply
and distribution activities.
Gazprom owns all its main gas
processing facilities in Russia. It operates Russia's high pressure
gas pipelines and since 2006, it has held a legal export monopoly.
Other natural gas producers, such as Novatek, Russia's second largest
gas company, are forced to use Gazprom's facilities for processing and
transport of natural gas.
At the end of 2008,
Gazprom had 221,300 employees in its major gas
production, transportation, underground storage and processing
subsidiaries. Of these employees, 9.5 percent were in management, 22.9
percent were specialists, 63.4 percent were workers and 4.2 percent
were other employees. Gazprom's headquarters are in the
Cheryomushki District, South-Western Administrative Okrug, Moscow.
Gazprom is a national champion, a concept advocated by Putin, in which
large companies in strategic sectors are expected not only to seek
profit, but also to advance Russia's national interests. For example,
Gazprom sells gas to its domestic market at a price less than that of
the global market. In 2008, Gazprom's activities made up 10 percent
of the Russian gross domestic product
On 29 December 2006, Gazprom's main shareholders were the Russian
Federal Agency for Federal Property Management under Rosimushchestvo
to May 2008, holding 38.373 percent; Gazprombank, a nominee holder
holding 41.235 percent, including 13.2 percent of ADR holders;
Rosneftegaz, holding 10.74 percent; Gerosgaz, holding 2.93 percent;
E.ON Ruhrgas, holding 2.5 percent. In 2006, the Russian
government controlled 50.23 percent of
Gazprom shares through
Rosimushchestvo, Rosneftegaz, and Rosgazifikatsiya.
Main article: List of Gazprom's subsidiaries
Gazprom has several hundred subsidiaries in
Russia and abroad which
are owned and controlled directly or indirectly by the company.
Gazprom Headquarters in Moscow
Board of directors
Gazprom's Board of Directors as of 9 August 2015:
Viktor Zubkov (Chairman, Russian
Special Presidential Representative
for Cooperation with Gas Exporting Countries Forum, First Deputy Prime
Minister of Russia, former Prime Minister of Russia)
Alexey Miller (Deputy Chairman, Chairman of the Management Committee,
CEO, Chairman of Gazprombank, former Deputy Minister of Energy of
Andrey Akimov (Chairman of Gazprombank)
Farit Gazizullin (former Minister of State Property of Russia, former
Minister of Property Relations of Russia)
Timur Kulibaev (Chairman of Legal Entities Department)
Vitaly Markelov (Deputy Chairman of the Management Committee)
Viktor Martynov (Rector of Gubkin Russian State University of Oil and
Vladimir Mau (Rector of the Russian Presidential Academy of National
Economy and Public Administration)
Valery Musin (Head of the Civil Procedure Department, Faculty of Law,
Saint Petersburg State University)
Alexander Novak (Minister of Energy of the Russian Federation)
Mikhail Sereda (Deputy Chairman of the Management Committee, Head of
the Administration of the Management Committee of Gazprom)
Former members of the board:
Burckhard Bergmann (Chairman of the Executive Board of
Elena Karpel (Head of the Department for Pricing and Economic Expert
Analysis, member since 25 June 2004)
Viktor Khristenko (Minister for Industry of Russia, former Minister
for Industry and Energy of Russia, former First Deputy Prime Minister
Elvira Nabiullina (Minister of Economic Development and Trade of
Russia, former First Deputy Minister of Economic Development and
Igor Yusufov (
Special Envoy of the
Russian President for International
Energy Cooperation and
Ambassador-at-Large of the Russian Ministry of
Alexander Ananenkov (Deputy Chairman,
Gazprom shareholder until 30
Alexandra Levitskaya (until 25 June 2004)
Dmitry Medvedev (Former President of Russia, former campaign manager
for Vladimir Putin, former First Deputy Prime Minister of Russia,
Chairman 2000-2001 and again 2002-2008, current Prime Minister of
Alexander Medvedev (Deputy Chairman, former Director General of
Gazprom Export, President of Kontinental Hockey League, member of the
Coordination Committee of RosUkrEnergo)
Boris Fyodorov (
Gazprom shareholder, former Finance Minister of Russia
and of the Russian SFSR, member until 20 November 2008)
Viktor Chernomyrdin (founder of Gazprom, first Chairman of the Board
and the Management Committee 1989-1992, former Prime Minister of
Russia, former Acting President of Russia, former Russian ambassador
to Ukraine, presidential adviser to Dmitry Medvedev)
Rem Viakhirev (Chairman of the Board and the Management Committee
1992-2001 (including hiatus 2000-2001) and businessman)
Alexei Miller with the Energy Minister of
Boyko, June 2012
Gazprom's management committee as of December 2006:
Alexei Miller (Chairman, Deputy Chairman of the Board, CEO, Chairman
of Gazprombank, former Deputy Minister of Energy of Russia, member
Alexander Ananenkov (Deputy Chairman, Deputy Chairman of the Board,
Gazprom shareholder, member since 17 December 2001)
Valery Golubev (Deputy Chairman, Head of the Department for
Construction and Investment, former Head of the Vasileostrovsky
District, former member of the Federation Council of Russia, member
since 18 April 2003)
Alexander Kozlov (Deputy Chairman, member since 18 March 2005)
Andrey Kruglov (Deputy Chairman, Head of the Department for Finance
and Economics, member since 2002)
Alexander Medvedev (Deputy Chairman, Deputy Chairman of the Board,
former Director General of
Gazprom Export, President of Kontinental
Hockey League, member of the Coordination Committee of RosUkrEnergo,
member since 2002)
Mikhail Sereda (Deputy Chairman, Head of Administration, Deputy
Chairman of Gazprombank, member since 28 September 2004)
Sergei Ushakov (Deputy Chairman, member since 18 April 2003)
Elena Vasilyeva (Deputy Chairman, Chief Accountant, member since 2001)
Bogdan Budzulyak (Head of the Department of Gas Transportation,
Underground Storage and Utilization, member since 1989)
Nikolai Dubik (Head of Legal Department, member since 2008)
Konstantin Chuychenko (Head of the Control Department of Russia,
presidential aide to Dmitry Medvedev, former chairman of Gazprom
Media, executive director of RosUkrEnergo, former
KGB officer, member
Viktor Ilyushin (Head of the Department of Relationships with Regional
Authorities of the Russian Federation, member since 1997)
Olga Pavlova (Head of the Department of
Asset Management and Corporate
Relations, member since 2004)
Vasiliy Podyuk (Head of the Department of Gas, Gas Condensate and Oil
Production, member since 1997)
Vlada Rusakova (Head of the Department of Strategic Development,
member since 5 September 2003)
Kirill Seleznev (Head of the Department of Marketing and Processing of
Gas and Liquid Hydrocarbons, member since 27 September 2002,
Director-General of Mezhregiongaz)
Former members of the management committee:
Nikolai Guslisty (1997 – 18 March 2005)
Yury Komarov (former Director General and former Acting Director
Gazprom Export, former head of development of the Shtokman
Field, former Representative of
Russia to the Asia-Pacific Economic
Cooperation forum) (8 August 2003 – 12 May 2005)
Alexander Ryazanov (former
Surgut Gas Processing Factory,
former First Deputy Chairman of the Board, former President of
Sibneft, former deputy (i.e. member) of the State Duma) (2001 – 15
Mikhail Akselrod (until 18 March 2005)
Boris Yurlov (until 16 April 2004)
Nikolai Gornovsky (until 18 April 2003)
Vladimir Leviev (until 18 April 2003)
Sergei Lukash (until 18 April 2003)
Vladimir Rezunenko (until 26 June 2003)
Alexander Krasnenkov (until 8 August 2003)
On 5 September 2005, shares of the members of the Board of Directors
and Management Committee were:
Alexander Ananenkov - 0.00709654%
Alexander Ryazanov - 0.00513865%
Bogdan Budzulyak - 0.00443534%
Vasily Podyuk - 0.00131962%
Elena Karpel - 0.00086595%
Vlada Rusakova - 0.00019009%
Andrey Kruglov - 0.00006336%
Boris Fyodorov - 0.00000422%
Alexei Miller - 0.00000027%
Others have no share.
Gazprom is the owner and sponsor of the Russian Premier League
football club FC Zenit
Saint Petersburg and volleyball club VC
Zenit-Kazan and Gazprom-Ugra
Surgut at Russian Super League. On 1
Gazprom also became the sponsor of the German Bundesliga
FC Schalke 04
FC Schalke 04 at a cost of up to €25 million per year. On
23 November 2009, the partnership was extended for a further 5 years.
The sponsorship is worth $150m (USD) over 5 years. On 9 July 2010,
Gazprom became a sponsor of the
Serbian SuperLiga football club Red
Star Belgrade. In 2010,
Gazprom was a Gold Partner of the Russian
professional cycling team, Team Katusha, together with Itera, and
Russian Technologies (Rostekhnologii). On 9 July 2012,
a sponsor of the
UEFA Champions League
UEFA Champions League and UEFA Super Cup. The
sponsorship continued for three season until 2015. On 17 July
Gazprom became the official Global Energy partner of the UEFA
Champions League 2012 winners Chelsea. The sponsorship continued for
three years to 2015.
In September 2013,
Gazprom become an official partner of FIFA
tournaments from 2015 to 2018. The contract includes the 2018 FIFA
World Cup in Russia.
Gazprom also was a sponsor for the defunct-
Minardi F1 team in
According to geographer Richard Heede,
Gazprom is second on the
list of companies with the highest level of
CO2 emissions globally in
2013 with 1,135 million tonnes (1.117×109 long tons; 1.251×109
short tons) in 2013, amounting to almost 3.4% of worldwide
Yukos Oil fraud
Yuganskneftegaz was the core production subsidiary of the
Company, which was previously run by a Russian businessman, Mikhail
Khodorkovsky. In 2003, the Russian tax authorities charged
Khodorkovsky with tax evasion. On 14 April 2004,
Yukos was presented
with a bill for over US $35 bn in back taxes and a demand to pay the
entire bill the same day. Requests by
Yukos to defer payment, allow
payment by installments or to discharge the debt by sale of peripheral
assets, including its shareholding in the
Sibneft oil company, were
The bailiffs froze Yukos’ shares in
Yuganskneftegaz and on 19
November 2004, they placed a notice in the Russian government
newspaper Rossiyskaya gazeta.
Yuganskneftegaz would be sold at an
auction thirty days later on 19 December 2004. The conditions for
participation in the auction included an advance deposit of US $1.7 bn
and prior clearance by the Russian Federal Antimonopoly Service. In
early December 2004,
Gazprom submitted an application to participate
in the auction via its wholly owned subsidiary, Gazpromneft.
On 15 December 2004,
Yukos filed for a bankruptcy protection in a
Houston court, and obtained a temporary injunction prohibiting Gazprom
from participating in the auction. On 16 December 2004, a group of
Western banks withdrew their financial support for Gazprom's
application. On the same day, Baikalfinansgrup, a previously unknown
company, applied to participate in the auction.
On 19 December 2004, only two companies appeared at the auction,
Gazpromneft and Baikalfinansgrup.
Gazpromneft declined to place any
offer. Baikalfinansgrup acquired
Yuganskneftegaz on its first bid. On
23 December 2004, Baikalfinansgrup was acquired by Rosneft. Rosneft
later disclosed in its annual financial statement that it had financed
the acquisition of Yuganskneftegaz. At the time, Sergey
Bogdanchikov was the president of
Rosneft and the chief executive
officer of Gazpromneft.
Shortly after the auction, the planned merger between
Rosneft merger was abandoned, and Bogdanchikov resigned his post as
chief executive officer of Gazpromneft.
On 7 February 2006, in response to a question by a Spanish journalist,
Vladimir Putin disclosed that
Rosneft had used Baikalfinansgrup as a
vehicle to acquire
Yuganskneftegaz in order to protect itself against
Greenpeace protest against arctic drilling
Gazprom's oil drilling in the
Arctic has drawn protests from
environmental groups, particularly Greenpeace.
Greenpeace has opposed
oil drilling in the
Arctic on the grounds that oil drilling would
cause damage to the
Arctic ecosystem and that there are no safety
plans in place to prevent oil spills.
In August 2012,
Greenpeace had staged protests against the
Prirazlomnaya oil platform, the world's first off-shore
site. On 18 September 2013, the
Greenpeace vessel MV Arctic
Sunrise staged a protest and attempted to board Gazprom's
Prirazlomnaya oil platform, the world's first off-shore
Greenpeace stated that the drill site could cause massive
disruption to the
Arctic ecosystem. After arresting two
campaigners attempting to climb the rig, the Russian Coast Guard
seized control of the
Greenpeace ship by making a helicopter drop, and
Greenpeace activists from sixteen different
Arctic Sunrise was towed by the Russian Coast Guard
The Russian government intended to charge the
with piracy and hooliganism, which carried a maximum penalty of
fifteen years imprisonment.
Greenpeace argued their operatives were in
international waters. The Russian government's actions generated
protests from governments and environmentalists worldwide.
According to Phil Radford, Executive Director of
Greenpeace in the US
at the time, the reaction of the Russian coast guard and the courts
were the "stiffest response that
Greenpeace has encountered from a
government since the bombing of the Rainbow Warrior in 1985." The
charges of piracy were dropped in October 2013. In November 2013,
twenty-seven of the campaigners were released on bail.
Greenpeace has not staged a protest at Prirazlomnaya oil platform
since, instead choosing to protest against Western drilling operations
due to those countries being considerably more tolerant of their
In May 2014, the first shipment of
Arctic oil arrived at a refinery in
Netherlands and was purchased by the French company, Total.
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Media related to
Gazprom at Wikimedia Commons
Credit Bank of Moscow
Valid: from September 22, 2017
Official list: http://moex.com/s777
Gazprom subsidiaries (list)
Bosphorus Gaz Corporation
Centrex Europe Energy & Gas AG
Gazprom Neftekhim Salavat
Gazprom Space Systems
Gazprom Transgaz Belarus
Nord Stream AG
Salym Petroleum Development
VNG – Verbundnetz Gas
ISNI: 0000 0001 0592 1907