In January, Gazprom CEO Alexey Miller said 2021 had been a record year for the Russian energy giant, both in terms of production and profits. Thanks to rising demand and the exploding cost of gas and oil, the company is raking in rubles.
It is the Russian state that controls most of the shares and decides on the company's direction. But various German firms, such as electric utility company E.ON, also own shares in Gazprom, which is the biggest producer of natural gas in the world. It has almost 500,000 employees and claims to hold the biggest gas reserves in Russia.
Miller is an old friend of Russian President Vladimir Putin, who almost always sits at the table of the supervisory board and the board of directors.
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Why the EU needs Russian energy giant Gazprom | News | DW | 06.02.2022
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