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Co-founders
PJSC Gazprom, a global energy company focused on exploration, production, transportation, storage, processing and marketing of gas (including as vehicle fuel), gas condensate and oil, as well as electricity and heat generation and distribution. Gazprom has the world’s largest reserves of natural gas and is the world’s leading gas producer. Gazprom sells gas to Russian consumers and is also the world’s largest gas exporter, supplying over 30 countries. Gazprom is among Russia’s largest oil producers and the country’s leading heat and electricity generator.
Federal Grid Company (Rosseti Group) is a Russian energy company that provides electricity transmission services through the Unified National Electric Grid (UNEG). The Company is a natural monopolist in the sector.
The Company is included in a list of systemically important organisations of strategic importance to Russia.
The Company is the number one publicly traded global electricity transmission company based on the length of transmission lines (more than 142 thousand kilometers) and transformer capacity (over 345 GVA).
Federal Grid Company’s unique infrastructure is a backbone of the Russian economy. Its units are located in 77 regions of the Russian Federation, spanning a total area of 15.1 mln sq. kilometers.
PJSC Surgutneftegas is focused on hydrocarbon prospecting, exploration and production in three petroleum provinces in Russia: Western Siberia, Eastern Siberia and Timan-Pechora. Its production units use advanced equipment and technologies and are adapted to local geological and climate conditions, enabling the company to perform a full range of required operations independently. As a modern and responsible diversified business, PJSC Surgutneftegas fully meets its obligations to the government, shareholders, business partners and consumers, regularly upgrades its production capacities, uses natural resources sustainably, takes a consistent approach to environmental safety, and actively contributes to the social and economic development of the regions in which it operates.
Russia could produce 11.5 million bpd of oil by March 2023: Deputy PM Novak
By March 2023, Russia will reach its pre-Covid crisis oil production level of 10.5 million barrels per day and by March 2023 could be producing a record 11.5 million bpd, Deputy Prime Minister Alexander Novak said.
U.S. boosts LNG exports
The United States boosted LNG exports in the first half of 2021 against a background of increased new capacity.
Russia and the task of extending the reach of its gas network
The Russian government drafted a series of documents in the first half of the year calling for a wide-ranging extension of its natural gas supply network.