- CEO
- Alexei Borisovich Miller
- Full Time Employees
- 468,000
- Sector
- Energy minerals
- Industry
- Oil & gas production
- Address
- 2/3 Lakhtinsky Avenue St. Petersburg Russian Federation 197229
- IPO Date
- May 20, 1993
- Business
- PJSC Gazprom operates as a Russian majority state-owned multinational energy corporation focused on geological exploration and production of natural gas, gas condensate and oil; transportation and underground storage of gas; hydrocarbon feedstock processing; gas and petrochemistry; sales of gas, gas condensate, oil and refined hydrocarbon products; and generation and marketing of heat and electric power. The company maintains the world's largest gas transmission system and exports gas to over 30 countries, primarily through pipelines such as Power of Siberia to China and TurkStream to Turkey and southeastern Europe; it also produces crude oil and gas condensate via subsidiary Gazprom Neft, with significant operations in LNG through interests in Yamal LNG and Sakhalin-2 LNG projects. Founded in 1989 from the Soviet Ministry of Gas Industry and headquartered at the Lakhta Center in Saint Petersburg, Russia, Gazprom serves domestic Russian consumers, which account for over half of its gas sales, alongside international markets in Europe, Asia and the former Soviet Union.
Gazprom conducts vertically integrated activities across the full gas value chain, including refining, distribution, marketing and power generation, with proven reserves of approximately 35 trillion cubic meters of natural gas and substantial oil and condensate holdings concentrated in Western Siberia's Yamalo-Nenets Autonomous Okrug, the Yamal Peninsula and the Arctic shelf.
In recent developments, Gazprom signed a strategic partnership agreement with PJSC Lukoil in December 2024 covering 2025-2030 to collaborate on exploration, production, transportation, processing and sales of hydrocarbons, alongside scientific, technical and environmental initiatives; the company approved a 1.615 trillion ruble investment program for 2025 to expand gas production in eastern Russia and the Yamal Peninsula, enhance regional infrastructure, increase Power of Siberia capacity and develop gas processing facilities; additionally, discussions emerged in late 2024 on potential mergers involving its oil subsidiary Gazprom Neft with larger producers like Rosneft, while exports to China exceed 38 billion cubic meters annually and domestic gas prices rise 34% by July 2025 amid shifting European markets.