Gazprom
Public Joint Stock Company Gazprom 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, via the Federal Agency for State Property Management and Rosneftegaz [ru].[5] The remaining shares are listed on public stock markets of Moscow, London and Frankfurt. The Gazprom name is a portmanteau of the Russian words Gazovaya Promyshlennost (Russian: ???????? ??????????????? - gas industry). Gazprom is in the process of moving from Moscow to Saint Petersburg, where it is constructing Europe's tallest building for its new headquarters.[6] Gazprom is the world’s largest gas producer.
Gazprom was created in 1989 when the Soviet Ministry of Gas Industry was converted to a corporation, retaining its Russia-based assets. Gazprom is involved in the Russian Government's diplomatic efforts, setting of gas prices, and access to pipelines.[7]
Gazprom's production fields are located around the 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 2011, 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.