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13.02.2018 16:41

Gazprom Decided to Reorganize the Operating Structure of Its Export Activities

AUTHOR: publics.bg

© Gazprom

Gazprom decided to reorganize the operating structure of its export activities, including marketing and trading, the company said.

"The new business model assumes the creation of an Integrated International Sales Unit that will be responsible for deliveries, trading and marketing for the entire export portfolio of Gazprom." The integrated unit will be established in two stages within two years", the report says.

At the first stage, the merger and optimization of the activities and assets of the companies of Gazprom Germany GmbH will be carried out. At the second stage, the restructured Gazprom Germany GmbH will be operationally integrated with OOO Gazprom Export in order to create an Integrated International Sales Unit.

Since 2010, Gazprom has been working to reform its export division. Then Gazprom Deputy Chairman Alexander Medvedev said that the aim is to remove the excessive links from the gas sales chain in foreign markets to increase revenues from export and marketing activities abroad.

Also, Gazprom planned to create a gas hub in St. Petersburg after the launch of the Nord Stream gas pipeline. In this regard, it was decided to transfer a subsidiary company - Gazprom Export - to St. Petersburg.