Your Portal for Key Energy Information and Research


Company Summary


Gazprom is a global energy company. Its major business lines are geological exploration, production, transportation, storage, processing and sales of gas, gas condensate and oil, sales of gas as a vehicle fuel as well as generation and marketing of heat and electric power. What is natural gas Gazprom views its mission in reliable, efficient and balanced supply of natural gas, other energy resources and their derivatives to consumers. Gazprom holds the world’s largest natural gas reserves. The Company’s share in the global and Russian gas reserves makes up 17 and 72 per cent respectively. Gazprom accounts for 12 and 72 per cent of the global and Russian gas output accordingly. At present, the Company actively implements large-scale projects aimed at exploiting gas resources of the Yamal Peninsula, Arctic Shelf, Eastern Siberia and the Far East, as well as hydrocarbons exploration and production projects abroad. Gazprom is a reliable supplier of gas to Russian and foreign consumers. The Company owns the world’s largest gas transmission network – the Unified Gas Supply System of Russia with the total length of over 168 thousand kilometers. Gazprom sells more than half of overall produced gas to Russian consumers and exports gas to more than 30 countries within and beyond the former Soviet Union. Gazprom is the only producer and exporter of liquefied natural gas in Russia. The Company is among Russia’s five largest oil producers and it is the largest owner of power generating assets in the country. These assets account for 15 per cent of the total installed capacity of the national energy system. PJSC Gazprom’s strategic goal is to establish itself as a leader among global energy companies by diversifying sales markets, ensuring reliable supplies, increasing operating efficiency and using scientific and technical potential.


Related Entities

Firm Transport Commitments

Project: Yamal LNG Train 1
Firm Commitment: 2.9 mtpa

Recent news

  • 7/21/2023 - Arctic LNG 2's First... (subscriber access)
  • 7/17/2023 - SLB Halts Russia... (subscriber access)
  • 5/19/2023 - Former Gazprom Unit... (subscriber access)
  • 4/19/2023 - Europe May Face... (subscriber access)
  • 2/21/2023 - Gazprom Announces Plans... (subscriber access)