Gazprom Germania

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GAZPROM Germania Group
Type GmbH, subsidiary of a Gazprom
Industry Oil and gas industry
Founded 1990
Headquarters Berlin, Germany
Area served Europe, United States, Singapore, Central Asia
Key people Vyacheslav Krupenkov (Russian: Вячеслав Крупенков), Senior Managing Director (German: Hauptsgeschäftsführer)[1][2]
Products Natural gas
Revenue Increase EUR 8.03 billion (2009) [3]
Net income EUR 496.5 million (2009)[3]
Parent Gazprom (100%)
Website www.gazprom-germania.de

GAZPROM Germania GmbH (Russian: ГАЗПРОМ Германия ГмбХ), a company registered in Berlin, Germany, is headquarters of a diversified conglomerate, GAZPROM Germania Group, operating in more than 20 countries, and is a 100% subsidiary of the world's largest natural gas company, Gazprom.

General overview[edit]

Gazprom Germania headquarters

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.[4]

GAZPROM Germania Group owns shares in:

  • Wingas (50%), with about 18% share of the gas market in Germany [1][2], a joint venture between GAZPROM Germania GmbHand 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.
  • VNG - Verbundnetz Gas AG (10,5%), the third largest natural gas company in Germany (after E.ON Ruhrgas and Wintershall).[5]
  • Vemex s.r.o. (51%), located in Prague, and controlling about 10-12% of the Czech gas market.[6]
  • Bosphorus Gaz Corporation (51%), located in Turkey, controlling about 3% of the Turkish market.[7]
  • Gas Project Development Central Asia AG (50%).
  • Wintershall Erdgas Handelshaus Zug AG (WIEH) (50%).
  • ZMB (Schweiz) AG (100%) [8]

Sponsoring[edit]

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 soccer club FC Schalke 04,[9] various Russian cultural events in Germany, such as Russian film festival and bringing of famous Russian orchestras to Europe.[10]

Questions about activities[edit]

A U.S. Senate testimony, overseen by Sen. Joe Biden, noted:[11]

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 Lichtenstein.

German investigations have raised concerns about past connections between senior managers in the company, the East German government, and the Stasi.[12]

Management[edit]

CEO - Senior Managing Director (German: Hauptsgeschäftsführer) of GAZPROM Germania Group is Vladimir Kotenev (Russian: Владимир Котенев). Before being appointed the new head of Gazprom Germania, Mr Kotenev worked in the Russian foreign service. In 2004 - 2010 Mr Kotenev was the Russian ambassador to Germany.[4][5]

References[edit]

  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. ^ a b "Gazprom Germania IFRS consolidated results December 31, 2009". Gazprom Germania. 2010. Retrieved 2010-08-14. 
  4. ^ a b "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. 
  5. ^ a b "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. 
  6. ^ "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. 
  7. ^ "Daily Market Watch - Jul 9, 2010". Finam Investment Holding. 2010-07-09. Retrieved 2010-07-21. 
  8. ^ 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). Retrieved 2008-02-23. 
  9. ^ 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. 
  10. ^ "Warm anziehen, Gazprom kommt!". Financial Times Deutschland. 2011-11-26. Retrieved 2010-08-14. 
  11. ^ U.S. Senate Hearing on Russian Energy: Roman Kupchinsky, June 12, 2008
  12. ^ Gazprom's Loyalists in Berlin and Brussels. Eurasia Daily Monitor Volume: 6 Issue: 100. May 26, 2009