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Joint Stock Company Gazprom Promgaz (Russian: Акционерное Общество "Газпром промгаз", abbreviated JSC Gazprom Promgaz, (Russian: ОАО "Газпром промгаз"), IPA: [ɡɐsˈprom promˈɡas]) is a Russian company that specializes in structural engineering, design, research, heating, the electric power market, and other services related to natural gas.
Gazprom's headquarters in the Lakhta Center in Saint Petersburg. Gazprom is the largest company in Russia Gazprom is the largest company in Russia Russia's vast geography is an important determinant of its economic activity, with some sources estimating that Russia contains over 30 percent of the world's natural resources.
The state-owned Russian energy firm earned £39m from its Dutch-UK gas field in 2022, accounts show.
The revenue of Gazprom, whilst initially supported by high prices collapsed in 2023 resulting in a trading loss and the need to increase the price in the domestic market by 34% over 3 years. [ 59 ] [ 60 ] Gazprom has also opened itself up to compensation claims for failure to supply gas under long term contracts.
Russian gas giant Gazprom has decided not to pay dividends on last year's results, the first time it will not pay out since 1998, sending its shares plunging by nearly 30%. "The shareholders ...
LNG exporters are taxable in Russia on profits at 20% plus 3% in 2017-24, which increased from 2023-25 with an elevated profits tax of 34%. However Gazprom was exempt from the rise; this resulted in February 2023 in complaints from Novatek. [44]
A bond buyback could help Gazprom protect itself from potential further sanctions on Russian energy, the bank's analysts said. Russian energy giant Gazprom may be able to withstand Western ...
Gasprom expects exports of gas in 2023 to be half of 2022. [5] Russian gas production in 2023 is expected to fall from 673bcm to 630Bcm with Gazprom production falling from 412.6Bcm to 390Bcm. [39] 2023 Exports to Europe total just 8.14Bcm in first 4 months of 2023, [40] with gas continuing to move through a Ukraine pipeline at 40-42mcm per day.