Public Joint Stock Company Gazprom is the largest extractor of natural gas in the world.
Gazprom is a global energy company focused on 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 [1].
Gazprom holds the world’s largest natural gas reserves. Its share in the global and Russian gas reserves amounts to 17% and 72%, respectively. Gazprom accounts for 11% and 66% of the global and national gas output correspondingly.
The company is a shared enterprise where 50.23% of shares are owned by the Russian government. The company is obliged to respects contractual commitments and obligations, strive to ensure sustainable energy supply to its partners and prevents any potential cut offs to consumers.
While technically a private company, the majority stake owned by the Russian government does not preclude Gazprom to act in the interest of the Public Sector actor Russian Federation.
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