On October 10, 2012 round table ‘Privatization: Objectives of the...
Gazprom is one of the world’s largest energy companies. Its major business lines are geological exploration, production, transportation, storage, processing and marketing of hydrocarbons as well as generation and marketing of heat and electric power. Gazprom’s mission is to ensure maximally efficient and balanced gas supply to Russian customers and reliably fulfill long-term gas export contracts.
Russia contributes enormously to the world energy market. It has ample oil reserves in western Siberia. Russia generates nearly 60% of its total revenue from oil and gas exports, as it is the second largest oil exporter. It possesses 35% of the world’s natural gas. It is also the third largest energy consumer in the world. The energy sector employs nearly 10 million people in Russia. The energy sector was considered the best target for foreign investment in the mid 1990’s.
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