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 Neft Messoyakhaneftegas, an equally owned joint venture with TNK-BP, holds the licenses for both blocks with Gazprom Neft as operator. The recoverable C1+C2 reserves of both blocks total 620 million tonnes of primarily heavy oil. The fields were discovered in the 1980s and are the most northern-located onshore Russian fields. The Messoyakha oil and gas fields are located on the Gydan Peninsula in the Tazovsky District of the Yamalo-Nenets Autonomous Area - an Arctic climate zone with undeveloped infrastructure. By 2020 the Messoyakha fields are expected to be producing 8 mln tonnes per year with the first million produced by 2016.