Vienna
Tirana
Minsk
Brussels
Sofia
Sarajevo
Vatican
Budapest
London
Berlin
Athens
Copenhagen
Dublin
Reykjavik
Madrid
Rome
Riga
Vilnius
Luxembourg
Chisinau
Monaco
Amsterdam
Oslo
Lisbon
Bucharest
Belgrade
Bratislava
Kiev
Helsinki
Paris
Prague
Moscow
Berne
Stockholm
Tallinn
For over 40 years Europe has been the most important consumer of Russian gas. More than 20 countries of Central and Western Europe account for above 65 per cent of the total gas exports by Gazprom.
Gazprom values its customers and makes great efforts to secure steady gas supplies for a long-term period. Gazprom signed multi-year gas supply contracts with major customers, which helps make long-term fuel production and transportation plans.
Gazprom owns the world’s largest gas transmission system capable of continuous gas delivery over long distances to consumers in the Russian Federation and abroad.
In order to improve the reliability of supplies and provide capabilities for increasing them and reducing transit risks, Gazprom together with its European partners implements new gas transmission projects, namely, the Nord Stream and the South Stream.
The underground gas storage (UGS) facilities located in European countries help increase reliability and flexibility of exports.
In its collaborative effort with the European partners, Gazprom is seeking to form a value chain from production to end consumer.
Thus, partnerships with the German Wintershall Holding and E.ON Ruhrgas include gas production (Achimov deposits in the Urengoy and Yuzhno-Russkoye fields), transmission (the Nord Stream gas pipeline) and distribution (gas supplies through a joint venture with Wintershall Holding – Wingas, as well as projects with E.ON in power generation).
Gazprom’s partners from Italy participate in the SeverEnergia production project, the South Stream project, and joint projects in third countries.
Gazprom’s European partners are also involved in the Sakhalin II project and in the Shtokman field development.
In order to strengthen the Group positions abroad, Gazprom neft acquired a 51 per cent stake in the NIS oil company.
Moscow
St. Petersburg
Baku
Minsk
Tashkent
Alma-Ata
Yerevan
Astana
Bishkek
Kishinev
Dushanbe
Ashgabat
Kiev
Riga
Tallinn
Vilnius
The CIS and Baltic states are traditional consumers of Russian gas. The Group’s strategy aims to preserve the attractiveness of Russian gas to consumers in the region.
Gazprom’s pricing policy with regard to the CIS and Baltic states provides for a phased adjustment of contractual terms and pricing mechanisms in accordance with the current situation on the European gas market.
One of the elements of the Company’s strategy in the CIS and Baltic states is to increase access to end users. Gazprom sbyt Ukraine, a subsidiary of Gazprom, is in charge of direct gas supplies to industrial consumers in Ukraine, whereas ArmRosGazprom supplies and distributes gas on the Armenian domestic market.
Using their presence on the markets of the CIS and Baltic states, Gazprom’s joint ventures actively participate in the equity capitals of local gas distribution and transmission companies.
Gas purchases in Central Asia are an important element of building Gazprom’s overall resource base that would meet the market needs in Russia, as well as in the CIS and beyond.
Shanghai
Singapore
Kuala Lumpur
Seoul
Tokyo
Los Angeles
Sydney
Melbourne
San Francisco
Seattle
Vancouver
Washington
New York
Orlando
Miami
Las Vegas
Denver
San Diego
Atlanta
Boston
Dallas
Detroit
Indianapolis
Memphis
San Jose
Philadelphia
Phoenix
Houston
Chicago
The American and Asia-Pacific countries are new and promising sales markets for Gazprom.
Liquefied natural gas (LNG) supplies buildup is among the priorities in the gas sales development on the new markets.
In 2005 Gazprom started making LNG spot and swap deals. In 2009 as part of the Sakhalin II project the Company commissioned Russia’s first LNG plant and launched Russian LNG supplies to foreign consumers. Also in 2009, Gazprom Marketing & Trading, a member of the Gazprom Group, began to deliver gas to the North American market.
In order to expand its LNG business, Gazprom is considering several options to build gas liquefaction plants, particularly on the basis of the Shtokman field on the Yamal Peninsula in the Russian Far East.
Currently, talks are underway with companies from Asia-Pacific on exporting Russian natural gas and LNG to South Korea, Japan and China.
The development strategy of Gazprom as a global energy company is targeted at building the entire chain from production to marketing of hydrocarbons on new markets based on the production facilities located beyond Russia. Under this strategy, Gazprom conducts exploration on the Venezuelan shelf and negotiates access to oil and gas projects in Bolivia.
_molikpaq.jpg "Gazprom and Shell successfully developing cooperation")
_molikpaq.jpg "Gazprom and Shell successfully developing cooperation")
Comments by analysts and experts
Good performance of Gazprom will be received positively by the market
The increased proceeds from electricity and thermal energy sales were treated as a positive surprise
Maxim Moshkov, UBS
In the second half of the year the Company improved its EBITDA profit margin to 41 per cent compared to 39 per cent over the same period last year
Ekaterina Rodina, VTB Capital
The performance of Gazprom slightly exceeded our expectations. It happened due to relatively high gas prices and quite high sales volumes
Pavel Sorokin, Alfa Bank