Open joint-stock company “Gazprom” (Gazprom) is the largest gas producing company in the world. Gazprom’s share in the world gas production is about 20%. Gazprom controls almost 60% of the Russian gas reserves and produces about 90% of Russian gas. The company is responsible for 8% of Russia’s GDP. Gazprom provides about 20% of earnings to the federal budget and supplies gas to generate around 50% of electricity in Russia.
Gazprom is 100% founder of 58 subsidiaries (as of September 1, 2002). It also participates in authorized capital of almost 100 Russian and foreign companies.
Gazprom, cs
