Gazprom Today free essay sample

Gazprom Today Largest Gas Company Gazprom is a planetary energy company fundamentally focused on geological geographic expedition, production, transit, storage, processing and selling of gas and other hydrocarbons every bit good as electric power and heat energy production and distribution. The province owns a 50.002 per cent commanding interest in Gazprom. Mission and Strategic Goal Our mission is to supply maximally efficient and well-balanced gas supply to Russian consumers every bit good as to procure a high grade of dependability when implementing long-run gas export contracts. Gazprom # 8217 ; s strategic end is to take the prima place among planetary energy companies by come ining new markets, diversifying concern activities and guaranting dependable supplies. Militias and Gas Production Gazprom Group possesses the universe # 8217 ; s largest natural gas militias. As of December 31, 2008 the Group # 8217 ; s A+B+C1 resources were estimated at 33.1 trillion three-dimensional metres. Harmonizing to the international PRMS criterions the Group # 8217 ; s proven and likely hydrocarbon militias are estimated at 27. We will write a custom essay sample on Gazprom Today or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page 3 billion dozenss of fuel equivalent and valued at USD 230.1 billion. With 17 per cent of the planetary gas production, Gazprom Group is the leader among the universe # 8217 ; s oil and gas companies. In 2008 Gazprom Group produced 549.7 billion three-dimensional metres of gas. Reliable Gas Supplier to Russian and Foreign Consumers Gazprom owns the universe # 8217 ; s largest gas transmittal system capable of uninterrupted and long-distance gas bringing to Russian consumers and abroad. Gazprom gas trunklines stretch 159.5 thousand kilometer. The Company # 8217 ; s 165 gas distribution companies maintain 445.3 thousand kilometer of gas distribution grapevines and unafraid transit of 164.3 billion three-dimensional metres of natural gas. Gazprom exports gas to the states within and beyond the FSU, and continues reenforcing its places on conventional international markets. In 2008 the Company sold 184.4 billion three-dimensional metres of gas to European states along with 96.5 billion three-dimensional metres to the CIS and Baltic provinces. Diversifying Transmission Routes and Reinforcing European Energy Security Increasing the security of gas supplies to European consumers is one of Gazprom # 8217 ; s strategic marks. For this intent Gazprom has initiated the new gas transmittal undertakings # 8211 ; Nord Stream and South Stream # 8211 ; that will do it possible both to diversify export paths of Russian gas and to procure extra chances for raising gas export. Preparations are underway for the Shtokman field development undertaking offshore the Barents Sea. The undertaking will go the resource base for Russian gas export to Europe via the Nord Stream. Market and Product Diversification Gazprom is implementing a staged scheme of spread outing its presence on the liquified natural gas ( LNG ) market. This helps to widen the Company # 8217 ; s concern geographics. In 2005 Gazprom supplied its first LNG lading to the USA, in 2006 # 8211 ; to the Great Britain, Japan and South Korea. Gazprom # 8217 ; s entry in the Sakhalin II undertaking gives a strong drift for the completion of a large-scale undertaking targeted at providing energy bearers to Asia-Pacific and North America. In 2009 the first Russian LNG works was launched in Sakhalin. Business Precedences A concern precedence of Gazprom is the development of the Yamal Peninsula, Arctic continental shelf, Eastern Siberia and the Far East. Harmonizing to the assignment of the Russian Federation Government, Gazprom coordinates the execution of the Development Program for an incorporate gas production, transit and supply system in Eastern Siberia and the Far East, taking into history possible gas exports to China and other Asia-Pacific states ( Eastern Program ) . Russia # 8217 ; s East is planned to see the development of a gas processing and gas chemicals industry that will enable to rationally utilize significant militias of He and other valuable constituents of Eastern Siberia # 8217 ; s gas. Business Diversification Oil concern development and competitory presence in the power coevals industry are the strategic ends of Gazprom on its manner to go the taking planetary energy company. The scheme of oil concern development stipulates the growing of one-year oil production to 90 # 8211 ; 100 million dozenss by 2020. It is projected to accomplish this degree through phased development of all the proved oil Fieldss of Gazprom neft and other Gazprom # 8217 ; s companies every bit good as through acquisition of new licences. Gazprom has outlined the following strategic marks in the power coevals sector: variegation of duty ordinance hazards, fuel balance optimisation and obtaining the synergism consequence through combination of gas and power coevals concerns. Environment and Social Responsibility Gazprom carries out concern activities in rigorous conformity with the international and Russian environmental statute law. The Company has adopted the Environmental Policy and the List of paramount environmental activities until 2010. Environmental Policy execution of the will ensue in the cost decrease and addition in efficient resource use, minimized specific indexs of environmental impacts, optimized corporate direction system for environmental protection, Gazp rom’s well-balanced advanced development uniting production enlargement and modern and efficient attacks to the environmental protection. The major socially oriented undertaking of Gazprom is the Gasification Program for the Russian Federation parts, which was implemented in 64 Russian components in 2008. 153 inter-settlement gas grapevines with the entire length of 2,700 kilometers have been constructed in 47 Russian components. In 2009 the Gasification Program will be implemented in 69 components. Gazprom on Global Market In 2008 the mean capitalisation of the Company dropped by 7 per cent down to USD 241.1 billion ( USD 259 billion in 2007 ) . Despite the capitalisation lessening in 2008 Gazprom during that period retained the prima place among European companies by market capitalisation and was among the top 10 largest energy companies of the universe. Production Gazprom Group holds the universe s largest natural gas militias. As of December 31, 2009 the Group s A+B+C1 gas militias ( Russian criterions ) were estimated at 33.6 trillion three-dimensional metres while oil and condensate militias # 8211 ; at 3.1 billion dozenss. As for the gas production volume amounting to around 14.5 per cent of the planetary sum, Gazprom Group is one of the taking crude oil companies worldwide. In 2009 the Group produced 461.5 billion three-dimensional metres of natural and associated gas, 10.1 million dozenss of condensate and 31.6 million dozenss of oil. Natural gas from Central Asia is an indispensable component in Gazprom s resource base. Gazprom Group purchased 37.3 billion three-dimensional metres of Central Asian gas in 2009. Gazprom owns the universe s largest gas transmittal system capable of continuously conveying gas over long distances to Russian consumers and abroad. Gazprom s gas trunklines length exceeds 160.4 1000 kilometres. Gazprom is purpose on spread outing chemicals production, heightening valuable constituents extraction from natural gas and hiking advanced processing merchandises end product. In 2009 the Group processed 30.4 billion three-dimensional metres of gas and 44.3 million dozenss of oil and condensate. The power coevals concern development in Gazprom Group contemplates, inter alia, geting bets in bring forthing companies, constructing new bring forthing installations, every bit good as bettering power distribution and web operation concerns. The Group s cardinal assets in the Russian power industry are as follows: Mosenergo ( 53.47 per cent ) , TGC-1 ( 28.7 per cent ) , WGC-2 ( 56.6 per cent ) and WGC-6 ( 60 per cent ) . Gazprom is Russia s taking gas distributer. Gasification of Russian parts is hence a major end of the Group. In 2009 the gasification plan covered 69 Russian components and investing in gasification undertakings is earmarked for 65 parts of the state in 2010. In this subdivision you will besides happen information about the most important undertakings being implemented by Gazprom. Selling Gas bringings by Gazprom Group in 2008 Russia287 bcm of gas Europe 184,4 bcm of gas CIS and Baltic provinces 96,5 bcm of gas America and Asia-Pacific 454 thousand dozenss of LNG Selling Gazprom # 8217 ; s mission is to guarantee maximally efficient and balanced gas supply to Russian clients and faithfully carry through long-run gas export contracts. In 2008 Gazprom Group sold 567.9 billion three-dimensional metres of gas, of which 287.0 billion three-dimensional metres was supplied to the Russian market, 96.5 billion three-dimensional metres # 8211 ; to the CIS and Baltic part and 184.4 billion three-dimensional metres # 8211 ; beyond the former Soviet Union. Gas bringings to the Russian market history for over 50 per cent of Gazprom # 8217 ; s overall gas gross revenues. Together with the Russian Government the Company takes a figure of actions aimed at developing the Russian gas market in conformance with the market rules. Gazprom is active in vaporizing Russian parts Gazprom is the lone provider of gas to the regulated sector of the Russian market Since 2006 when the several Federal Law took consequence Gazprom has enjoyed the sole right to provide gas beyond Russia. The Company # 8217 ; s export scheme flexible joints on an integrated export channel and a system of long-run contracts. Nowadays Gazprom supplies around one tierce of the entire gas imports to Western Europe. The chief purchasers of Russian gas are Germany, Turkey, Italy and France. In its relationships with the CIS and Baltic provinces Gazprom adheres to the policy of a stagewise passage to the contract footings A ; conditions and pricing mechanisms similar to those applicable in European states. Furthermore, the gas monetary value expression presently used for the Baltic states makes Gazprom # 8217 ; s bringings to the part profitable in line with European degrees. Gazprom # 8217 ; s selling scheme in the American and Asia-Pacific markets stipulates consecutively hiking liquefied natural gas ( LNG ) supplies. Between 2005 and 2008 the entire LNG gross revenues through topographic point trades reached 1.2 million dozenss ( 1.7 billion three-dimensional metres ) . Gazprom is the bulk stockholder in the Sakhalin II undertaking. In 2009 the first Russian LNG works was brought online as portion of the undertaking. The full end product will be supplied to Japan, South Korea and North America.