Gazprom Gazprom Public Joint Stock Company Gazprom (, "Publichnoe Aktsionernoe Obshchestvo Gazprom", abbreviated PAO Gazprom, , ) is a large Russian company founded in 1989, which carries on the business of extraction, production, transport, and sale of natural gas. The company is majority owned by the Government of Russia, via the Federal Agency for State Property Management and . The remaining shares are listed on public stock markets of Moscow, London and Frankfurt. The Gazprom name is a portmanteau of the Russian words Gazovaya Promyshlennost ( - gas industry). Gazprom is in the process of moving from Moscow to Saint Petersburg,
Gazprom kilometres of gas trunk lines. Projects include Nord Stream and South Stream. In 2011, Gazprom produced about of natural gas, more than seventeen percent of global gas production. Gazprom also produced about 32.3 million tons of crude oil and nearly 12.1 million tons of gas condensate. The company has subsidiaries in industrial sectors including finance, media and aviation, and majority stakes in other companies. In 1943, during World War II, the government of the Soviet Union developed a domestic gas industry. In 1965, it centralized gas exploration, development, and distribution within the Ministry of Gas Industry. In the 1970s and