Open Joint Stock Company (OAO) Gazprom is the world’s largest gas business engaged in natural gas, gas condensate and oil prospecting, production, transmission, processing and marketing both inside and outside Russia.

OAO Gazprom is the legal successor of the proprietary rights and obligations of State Gas Concern Gazprom, including the rights to use land, subsurface reserves, natural resources as well as the rights and commitments under the agreements concluded by the Concern.

Gazprom possesses the richest natural gas reserves in the world, with its share in the global and Russian total making up 16.9% and 60%, respectively.

Gazprom owns the gas trunklines integrated in the Unified Gas Supply System of Russia (UGSS).

In accordance with the RF Presidential Decree of November 5, 1992, the Company is vested with the commitments as follows:

• providing reliable gas supply to RF consumers;
• supplying gas outside the country under interstate and intergovernmental agreements;
• pursuing an integrated science, technology and investment policy with regard to UGSS upgrading and development;
• building and financing high pressure gas branch pipelines for rural gasification purposes;
• controlling UGSS;
• providing other producers with access to the country’s gas transmission system.