Total gas production in Russia in 2007 was 23.1 Trillion cubic feet, of which 85 percent (19.4 Tcf) was produced by Gazprom;[3] with reserves of 28,800 cubic kilometres (181,000 Gbbl), it controls 16 percent of the world's gas reserves (as of 2004,[4] including the Shtokman field). After acquisition of the oil company Sibneft, Gazprom, with 119 billion barrels (18.9 km3) of reserves, ranks behind only Saudi Arabia, with 263 billion barrels (41.8 km3), and Iran, with 133 billion barrels (21.1 km3), as the world's biggest owner of oil and oil equivalent in natural gas.[5]
By the end of 2004 Gazprom was the sole gas supplier to at least Bosnia and Herzegovina, Estonia, Finland, Republic of Macedonia, Latvia, Lithuania, Moldova and Slovakia, and provided 97 percent of Bulgaria's gas, 89 percent of Hungary's, 86 percent of Poland's, nearly three-quarters of the Czech Republic's, 67 percent of Turkey's, 65 percent of Austria's, about 40 percent of Romania's, 36 percent of Germany's, 27 percent of Italy's, and 25 percent of France's.[6][7] The European Union as a whole gets about 25 percent of its gas supplies from this company.[8][9]
Apart from its gas reserves and the world's longest pipeline network (150,000 km), it also controls assets in banking, insurance, media, construction and agriculture.
Bookmarks