Gazprom Germania

GAZPROM Germania GmbH (Russian: ГАЗПРОМ Германия ГмбХ), a company registered in Berlin, Germany, is headquarters of a diversified conglomerate, GAZPROM Germania Group, comprises 40 entities operating in more than 20 countries in Europe, Asia and North America.[5] It is a 100% subsidiary of the world's largest natural gas company, Gazprom.

GAZPROM Germania Group
TypeGmbH, subsidiary of a Gazprom
IndustryOil and gas industry
Founded1990
HeadquartersBerlin, Germany
Area served
Europe, United States, Singapore, Central Asia
Key people
Vyacheslav Krupenkov (Russian: Вячеслав Крупенков), Senior Managing Director (German: Hauptgeschäftsführer)[1][2]
ProductsNatural gas
Revenue EUR 8.03 billion (2009) [3]
EUR 496.5 million (2009)[3]
Number of employees
1,200 [4]
ParentGazprom (100%)
Websitewww.gazprom-germania.de

General overview

GAZPROM Germania Group is active in natural gas sales and marketing, trading, exploration and production, as well as in underground storage projects. Companies of the group operate in Europe, USA, Central Asia and Singapore.[6]

GAZPROM Germania Group owns shares in:

  • Wingas (100%), with about 18% share of the gas market in Germany , a joint venture between GAZPROM Germania GmbH and Wintershall, the largest crude oil and natural gas producer in Germany.
  • Gazprom Marketing and Trading Limited (GM&T) (100%), based in London with a focus on energy marketing and trading (natural gas, LNG, carbon and power), and operating in UK, USA, France, Singapore, etc.
  • Vemex s.r.o. (51%), located in Prague, and controlling about 10-12% of the Czech gas market.[7]
  • Bosphorus Gaz Corporation (51%), located in Turkey, controlling about 3% of the Turkish market.[8]
  • Gas Project Development Central Asia AG (50%).
  • Wintershall Erdgas Handelshaus Zug AG (WIEH) (50%).
  • ZMB (Schweiz) AG (100%) [9]

Sponsoring

In addition to its main activities of expanding Gazprom's operations in foreign markets, Gazprom Germania Group is an active sponsor of activities that promote Gazprom's and Russian image in Europe. The company is sponsoring: Europa-Park in Rust (the largest theme park in Germany), famous German football club FC Schalke 04,[10] various Russian cultural events in Germany, such as Russian film festival and bringing of famous Russian orchestras to Europe.[11]

Questions about activities

A U.S. Senate testimony, overseen by Sen. Joe Biden, noted:[12]

Gazprom, with the silent support of the Kremlin has set up 50 or so middlemen companies, silently linked to Gazprom and scattered throughout Europe - such as the Centrex group of companies and the Gazprom Germania network - which do not add any value to the price of Russian gas being sold on European markets; yet they earn enormous sums of money which appears to simply vanish through shell companies in Cyprus and in Liechtenstein.

German investigations have raised concerns about past connections between senior managers in the company, the East German government, and the Stasi.[13]

Management

CEO - Senior Managing Director (German: Hauptgeschäftsführer) of GAZPROM Germania Group is Vladimir Kotenev (Russian: Владимир Котенев). Before being appointed the new head of Gazprom Germania, Kotenev worked in the Russian foreign service. From 2004 to 2010 Kotenev was the Russian ambassador to Germany.[6][14]

References
  1. "Kotenev ist neuer Deutschland-Chef von Gazprom" [Kotenev is the new head of Gazprom in Germany] (in German). Welt Online. 2010-07-30.
  2. "Kotenev ist neuer Deutschlandchef von Gazprom" [Kotenev is the new German head of Gazprom] (in German). Berliner Morgen Post. 2010-07-31.
  3. "Gazprom Germania IFRS consolidated results December 31, 2009" (PDF). Gazprom Germania. 2010. Archived from the original (PDF) on 2011-07-19. Retrieved 2010-08-14.
  4. https://www.bellin.com/success-stories/gazprom-germania-gmbh/
  5. "GAZPROM GERMANIA GMBH". BELLIN. Retrieved 2020-04-29.
  6. Бывший посол Котенев возглавил дочернюю фирму Газпрома в Германии [Ex-ambassador Kotenev is the new head of Gazprom's subsidiary in Germany] (in Russian). Deutsche Welle. 2010-07-30. Retrieved 2010-08-14.
  7. "Gazprom chce zvýšit svou přítomnost na ukrajinském trhu s plynem přes českou firmu" [Gazprom wants to increase its presence in the Ukrainian gas market through the Czech company] (in Czech). Mediafax. 2009-09-21. Retrieved 2010-07-21.
  8. "Daily Market Watch - Jul 9, 2010". Finam Investment Holding. 2010-07-09. Retrieved 2010-07-21.
  9. Andreas Heinrich, Koszalin (2008-02-05). "Gazprom's Expansion Strategy in Europe and the Liberalization of EU Energy Markets" (PDF). Russian Analytical Digest. Research Centre for East European Studies (34 Russian Business Expansion). Archived from the original (PDF) on 2011-07-06. Retrieved 2008-02-23.
  10. Boyes, Roger (2009-01-07). "Comment: Gazprom is not a market player, it's a political weapon". The Sunday Times. London. Retrieved 2010-08-14.
  11. "Warm anziehen, Gazprom kommt!". Financial Times Deutschland. 2011-11-26. Retrieved 2010-08-14.
  12. U.S. Senate Hearing on Russian Energy: Roman Kupchinsky Archived 2009-04-14 at the Wayback Machine, June 12, 2008
  13. Gazprom's Loyalists in Berlin and Brussels. Eurasia Daily Monitor Volume: 6 Issue: 100. May 26, 2009
  14. Если друг в руководстве вдруг // Давний знакомый Владимира Путина вошел в наблюдательный совет крупной германской газовой компании [If a friend suddenly is in management // Long time ally of Vladimir Putin joined Supervisory Board of a large German company] (in Russian). Kommersant. 2010-08-14.
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