PJSC Gazprom (Russian: Газпром, IPA: [ɡɐsˈprom]) is a partially state-owned multinational energy corporation headquartered in the Lakhta Center in Saint Petersburg, Russia. As of 2019, with sales over USD$120 billion, it sits as the largest publicly-listed natural gas company in the world and the largest company in Russia by revenue. In the 2019 Forbes Global 2000, Gazprom was ranked as the 40th largest company in the world. Gazprom name is a portmanteau of the Russian words Gazovaya Promyshlennost (Russian: га́зовая промы́шленность - gas industry).
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Gazprom is vertically integrated and is active in every area of the gas industry, including exploration and production, refining, transport, distribution and marketing, and power generation. In 2018, Gazprom produced twelve percent of the global output of natural gas, producing 497.6 billion cubic meters of natural and associated gas and 15.9 million tonnes of gas condensate. Gazprom then exports the gas through pipelines that the company builds and owns across Russia and abroad such as Nord Stream and TurkStream. In the same year, Gazprom has proven reserves of 35.1 trillion cubic meters of gas and 1.6 billion tons of gas condensate. Gazprom is also a large oil producer through its subsidiary Gazprom Neft, producing about 41 million tons of oil with reserves amounting to 2 billion tons. The company also has subsidiaries in industrial sectors including finance, media and aviation, and majority stakes in other companies.
Gazprom was created in 1989, when the Soviet Ministry of Gas Industry was converted to a corporation, becoming the first state-run corporate enterprise in the Soviet Union. After the Soviet Union's dissolution, Gazprom was privatized, retaining its Russia-based assets. At that time, Gazprom evaded taxes and state regulation and engaged in asset stripping. The company later returned to government control in the early 2000s, and since then, the company is involved in the Russian Government's diplomatic efforts, setting of gas prices, and access to pipelines.The company is mostly owned by the Russian government, via the Federal Agency for State Property Management and Rosneftegaz, while remaining shares are traded publicly. Gazprom has a listing in the Moscow Exchange and has a market capitalization of US$80.56 billion as of September 2019.