Gazprom

Gazprom In Figures

Share of global output of gas: 12%

Number of employees: More than 475,000

Gazprom is one of the largest energy companies in the world. It has over 475,000 employees and is the major player overseeing Russia’s natural gas reserves, the largest proven reserves in the world. Originally an asset of the Soviet and later Russian state, Gazprom is now a public company, with the majority shareholder being the Russian government.

A fully vertically integrated energy company, Gazprom’s major business lines are exploration, production, transportation, storage, hydrocarbon processing and marketing, heat generation and power generation.

Gazprom is primarily known for the supply of gas through its network of gas pipelines. The company has dozens of subsidiaries and major pipelines through which it delivers gas to many export markets.

Gazprom aims to ensure maximally efficient and balanced gas supply in Russia and abroad.

Gazprom News and Interviews

Israel strike on Iran’s giant South Pars gasfield shakes energy markets
NEWS
Iran - March 18, 2026

An Israeli strike on Iran’s South Pars gasfield has driven oil and gas prices higher and heightened energy security risks in…

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Hungary’s MOL to acquire majority stake in Serbia’s NIS
NEWS
Serbia - January 20, 2026

MOL Group has signed a deal to acquire a 56.15% stake in Serbia’s NIS from Gazprom Neft.

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TotalEnergies to exit South Africa gasfield
NEWS
South Africa - July 03, 2024

TotalEnergies has notified South Africa's oil and gas regulator that it plans to exit the 11B/12B offshore gasfield.

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Gazprom takes $1-billion Shell stake in Sakhalin-2 LNG
NEWS
Russia - March 26, 2024

Gazprom has acquired a 27.5% stake in the Sakhalin-2 LNG project from Shell for around USD 1 billion.

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Gazprom awards TurkStream contract
NEWS
Russia - December 08, 2016

Gazprom on Thursday announced it had signed a deal with the Swiss Allseas Group to start construction on the first section of the TurkStream pipeline.

Work is…

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Obama drops Arctic lease sales
NEWS
USA - November 21, 2016

The administration of outgoing US President Barack Obama announced on Friday that it was rolling back development plans in the Arctic Ocean, triggering calls on…

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India and Russia discuss mega-gas link
NEWS
India - October 17, 2016

Russia and India agreed on Saturday to discuss a 6,000-kilometre natural gas pipeline that could turn into the world’s most expensive such project.

The link would…

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Iraq plans Wasit refinery project
NEWS
Iraq - September 21, 2016

Iraq’s Ministry of Oil has signed off on plans to build a refinery in Wasit province, a local official was quoted as saying on Tuesday.

According to Amal Al Akili,…

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Ukraine may decommission midstream assets
NEWS
Ukraine - September 14, 2016

Ukraine may decommission part of its midstream gas infrastructure due to the fall of Russian gas exports to Europe via the Eastern European country, Ihor Prokopiv, head…

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Gazprom sees profit slip
NEWS
Russia - August 10, 2016

Gazprom on Wednesday announced its quarterly results over the first quarter of 2016, reporting a 5% year-on-year drop in net income.

The Russian major’s first…

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Total brings Incahuasi online
NEWS
Bolivia - August 03, 2016

Total on Wednesday started up its onshore Incahuasi gas and condensates field the Andean Cordillera foothills in Bolivia, along with partners Tecpetrol of Argentina,…

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Gazprom Neft ups Badra output
NEWS
Iraq - July 22, 2016

Gazprom Neft’s Iraqi subsidiary on Friday announced the commissioning of the Badra oilfield development project’s 10th production well, which raises the company’s…

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