Gazprom Promgaz Gazprom Promgaz Joint Stock Company Gazprom Promgaz (, abbreviated JSC Gazprom Promgaz, (), ) is a Russian company that specializes in structural engineering, design, research, heating, the electric power market, and other services related to natural gas. The company is a research institute of Gazprom and was established in 1949. The headquarters of the company are in Moscow. Gazprom Promgaz has branches in Vidnoye (Moscow Oblast), Novokuznetsk (Kemerovo Oblast), Oryol, Saint Petersburg, Ufa, Stavropol, Astrakhan (Russia), Minsk (Belarus), and Bishkek (Kyrgyzstan). Gazprom Promgaz has also an associated company, Ltd "Kamensk Plant of Gas Equipment" () in Kamensk-Shakhtinsky (Rostov Oblast). The
Gazprom of Romania's, 36 percent of Germany's, 27 percent of Italy's, and 25 percent of France's gas. The European Union receives about 25 percent of its gas supply from Gazprom. In 2014, Europe was the source of 40% of Gazprom's revenue. The proportion of Europe’s gas bought in the spot market rose from 15 percent in 2008 to 44 percent in 2012. In September 2013, during the G20 summit, Gazprom signed an agreement with CNPC that the Henry Hub index would not be used to settle prices for their trades. On 21 May 2014, Putin met with Xi Jinping and negotiated