Gazpcom Case Study Solution

2.1. Diversification Strategy Gazprom has been established in 1989, having a long tradition, natural resources, and experience lead Gazprom to the position of being the largest natural gas explorer in the world and one of the largest companies in the world. Gazprom’s position of being the leader among global energy companies is achieved through their strategic objective by securing reliable supplies, implementing sales markets diversification, scientific and technological potential application, and performance improvement. Moreover, Gazprom owns a resource base and a gas transport infrastructure. The Company produces and supplies energy simultaneously. Gazprom is the only exporter and producer of LNG in Russia. Also, Gazprom is the world’s largest thermal energy generator. The Company owns the world’s largest natural gas resources and the largest gas transportation system with a length of 171 200 kilometers. Gazprom is a respectable supplier of natural gas for the Russian market as well as …show more content…
In 2001 Gazprom has acquired NTV from Media-Most holdings. In 2002, Gazprom Media, Gazprom’s subsidiary, acquired Vladimir Gusinsky's shares in companies held by Media-Most. In 2005, Gazprom became a major shareholder of Sibneft. Gazprom bought 73% of the company for 13 010 000 000 $ and renamed it to Gazprom Neft. This is when Gazprom has become Russia's biggest company. In 2006, Gazprom made an agreement with Mitsubishi, Royal Dutch Shell, and Mitsui to take over 50% of share of Sakhalin Energy. In 2007, TNK-BP sold its share in Kovykta field to Gazprom. Also in 2007, Gazprom signed a joint venture with Eni SpA. This South Stream pipeline would extend under the Black Sea to Bulgaria with a south fork to Italy and a north fork to Hungary. In 2013, Gazprom acquired Profmedia. In 2014, Gazprom took over 25% share of the International Petroleum Investment Company in the Austrian