Gazprom pursues the strategic objective of establishing itself as a leader among global energy companies
Home based in Russia, Gazprom is 50,002% state owned company, thus operating as a national oil and gas company.
The other 50% shares are traded in Moscow, London, Berlin and Frankfurt stock exchanges in the form of American Depositary Receipts.
On this floating equities stake, the market capitalization of Gazprom as at the end of 2011 amounted to USD 128 billion.
Being the fifth oil producer in Russia, Gazprom’s activities are dominantly turning around the natural gas and covering the whole natural gas value chain from geological exploration and production to distribution in passing by the gas processing, condensate separation, natural gas storage and transportation, up to the natural gas monetisation through the generation and marketing of heat and electric power.
– 15% of the global output
– 78% of the Russian output.
Gazprom owns the world’s largest gas transmission network with the total length of 161 thousand kilometers.
50% of the Gazprom’s gas production stay in Russia for the domestic market while the other 50% are exported to more than 30 countries.
Gazprom is the only producer of liquefied natural gas (LNG) with a capacity representing 5% of the world production.
Even if the Shtokman project has been shelved for the time being, it gave the opportunity to Gazprom to measure all the challenges of the giant projects, in addition in the harsh Arctic conditions.
This experience helps Gazprom to move forward in other giant projects in the Yamal Peninsula, Arctic Shelf, Eastern Siberia and the Far East.
The cooperation developed with international oil companies helps now Gazprom to go global on oil and gas exploration and production.
Gazprom Key Figures
– 2011 Revenues: $149,5 billion
– 2009 Revenues: $96,4 billion
– 2011 Earnings: $43,3 billion
– 2010 Earnings: $32,1 billion
– 2009 Earnings: $25,6 billion
– 2011 Capital Expenditure: $52,5 billion
– 2010 Capital Expenditure: $35,8 billion
– 2009 Capital Expenditure: $26,1 billion
Gazprom Projects and Business Highlights
Gazprom set itself the strategic objective of establishing itself as a leader among global energy companies by entering new markets, diversifying its activities and ensuring reliable supplies.
To do so Gazprom intends to be a reliable, efficient and balanced supplier of oil, natural gas, electricity and their derivatives.
Nord Stream’s first string with the annual gas throughput of 27.5 billion cubic meters was commissioned on November 8, 2011.
According to the Strategic Cooperation Agreement signed in 2004 and extended in June 2012, Gazprom is working with China National Petroleum Company (Petrochina) on the natural gas storage and distribution in China.
To support this partnership, Gazprom is working on the so called Eastern GasProgram to deploy an integrated natural gas production, transportation and supply system in Eastern Siberia and the Far East for export to China and other Asia-Pacific countries.
The second priority for Gazprom is to diversify its markets and products in expanding its position of the liquefied natural gas (LNG) market.
Gazprom‘s third priority goes to energies diversification in targeting 100 million tons of oil equivalent by 2020 with projects in Iraq, Venezuela, Vietnam, India, and Bolivia.
Regarding its utilities activities, Gazprom intends to increase its installed capacity from 36 GW in 2010 to 44.8 GW in 2020.
In order to speed up its development, Gazprom signed a Cooperation Agreement with Rosneft to share good practices in offshore exploration – production and to reduce the costs for the onshore infrastructures.