Gazprom has recently been in the news due to the ongoing energy crisis in Europe, exacerbated by geopolitical tensions stemming from Russia's invasion of Ukraine. The company has faced scrutiny over its role in supplying gas to Europe, particularly as countries seek to reduce their dependence on Russian energy. Additionally, Gazprom's involvement in controversial investment deals in regions like Abkhazia has drawn criticism amid protests against Russian influence in the area.
Founded in 1989, Gazprom is a partially state-owned multinational energy corporation headquartered in Saint Petersburg, Russia. It is the world's largest producer of natural gas and one of the largest companies globally by revenue, with sales exceeding USD $120 billion as of 2019. Gazprom plays a crucial role in the Russian economy, contributing significantly to government revenues and energy exports. The company operates across the entire gas supply chain, from exploration and production to transportation and distribution, and has a vast network of pipelines that connect Russia to Europe and other markets.