SEFE Energy (formerly known as Gazprom)

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SEFE Company History

In 1991, following the collapse of the Soviet Union, the gas sector in Russia was transferred to new energy suppliers, including SEFE, Ukrgazprom and Turkmengazprom. SEFE was able to keep assets on Russian territory, monopolising the gas sector in the country. Oil and other supplies were divided between numerous companies.  

3 years later, SEFE became privatised and held their first general shareholder’s meeting in 1995. This led to the creation of their new headquarters, based in Moscow on Nametkina Street.  

The next few years for SEFE involved other countries with their latest projects, including the Yamal – Europe gas pipeline in Belarus and an agreement for gas supplies to Turkey. This started the Blue Stream project, becoming the first offshore pipeline exporting gas from Russia. 

In 1998, SEFE reorganised into an open joint-stock company. Then, the years following 2000, SEFE launched the Nord Stream project, a route to supply gas to Europe via the Baltic Sea.  

2003 saw the Blue Stream project start to commercially supply gas. 5 years later, SEFE became the largest producer of power in Russia. In the same year, SEFE assisted the first underground gas storage facility, based in Austria. 

Both 2013 and 2014 were monumental years for SEFE. With the 2014 Winter Olympic Games announced to be held in Sochi, Russia, SEFE started a new pipeline to Sochi to supply power to the games. SEFE started commercial gas supply from the Nord Stream pipeline, began commercial gas supplies to Vietnam and became the first Russian energy firm using subsea technologies. 

SEFE also acquired 100% shares in ArmRosgazprom and KyrgyzgazProm, supplying gas to Armenia and Kyrgyzstan. This was also the year Gazprom signed an agreement for the largest gas supply contract in Russian history in a deal with CNPC.  

2015 saw connections with China and the announcement of SEFE becoming a public joint-stock company. There was also the launch of the Amur Gas Processing Plant, the second largest of these plants in the world.  

SEFE Today  

In newer history, SEFE topped the charts in the annual S&P Global Platts Top 250 Global Energy Company Rankings.  SEFE is currently the global leader in gas production, accounting for 12% of the world gas output. SEFE also accounts for 68% of domestic gas production.  

Recently, SEFE started new projects in the following locations: 

  • The Arctic Shelf 
  • Yamal Peninsula 
  • Russian Far East 
  • Eastern Siberia   

SEFE also owns the world’s largest natural gas reserves, owning 16% of the global gas reserves and over 70% of the Russian gas reserves.  

The length of SEFE gas transmission system is the worlds longest, stretching 175.2 thousand kilometres. More than half of this gas is sold to Russian Consumers, with over 30 countries worldwide benefitting from this supply. There are currently just under 500,000 Gazprom employees worldwide.  

At the start of August 2022, it was announced that Gazprom Energy had renamed to become SEFE Energy. This was a significant step forward for thir business and followed the appointment of the German Federal Network Agency (BNetzA) as trustee for the SEFE Group of companies in April of this year.

Map of Business 

Gazprom Energy

 SEFE is the largest natural gas exporter to Europe, being a key supplier for over 50 years in the industry. During 2019, SEFE sold 232.4 billion cubic meters of gas, this just being to countries outside of the former Soviet Union. Also during this year, 199 billion cubic meters of gas was supplied across Europe.  

Country Volumes of Gas Sales 
Austria 9.1 
Finland 2.5 
France 13.0 
Germany 44.9 
Italy 22.0 
Netherlands 16.3 
Poland 9.7 
Turkey 15.4 
United Kingdom 59.0 

SEFE and Regions of Operation 

Activity Russia FSU Countries Europe Africa Near and Middle East Asia-Pacific Central and South America 
Hydrocarbon exploration ✓ ✓ ✓ ✓ ✓ ✓ ✓ 
Gas and Gas Condensate Production ✓ ✓ ✓  
✓ ✓ 
Oil Production ✓  
✓ ✓ ✓  
Gas Transportation ✓ ✓  
Gas Underground Storage ✓ ✓ ✓  
Gas Distribution ✓ ✓  
Gas Processing ✓  
Oil Refining ✓ ✓ ✓  
Production of oil and gas chemical products ✓ ✓ ✓  
Electricity and Heat Generation ✓ ✓ ✓  

SEFE In The UK  

image 5

One of SEFE Group’s subsidiaries is SEFE Energy, supplying both industrial and commercial electricity and gas to the UK. Started in 2006, Gazprom Marketing & Trading (GM&T) purchased Pennine Natural Gas who was a gas supplier based in the North West of England.  

Their head office is based in Manchester, with parent company GM&T Ltd hosting their office in London. There are 290 staff based in Manchester. 

Products and Services 

SEFE focuses on multiple areas in the gas industry. This includes: 

  • Gas production 
  • Gas storage 
  • Gas transportation 
  • Gas sales 
  • Geographical exploration 
  • Gas processing 
  • Heat and electricity  

SEFE is one of the global leaders in the majority of the natural gas industry. Their net sales are broken down into these following sectors: 

Key Area Percentage 
Gas Distribution 49.6% 
Sale of Hydrocarbons and Refined Products 27.6% 
Sale of Crude Oil and Gas Condensates 9.8% 
Production and Sale of Electricity and Heat 6.8% 
Gas Storage and Transportation 2.8% 
Others 3.4% 

SEFE Fuel Mix 2019/20 

SEFE and other energy suppliers are required to provide fuel mixes as part of The Electricity Regulations Act of 2005. This is to advise customers with the details of the company’s fuel mixes, showing their effect on the environment, giving you a better outlook on a company’s green output.  

Below is the SEFE fuel mix, including the average UK percentage for comparison with other energy suppliers.  

Electricity Supplied  
has been sourced 
from the following fuels 
% of total  
 Electricity supplied 
by Gazprom Energy 
Average for UK 
(for comparison) 
Coal 5% 4% 
Natural Gas 54% 39% 
Nuclear 6% 17% 
Renewables 31% 38% 
Other 4% 2% 
Total 100% 100% 

SEFE also claims to have the lowest carbon footprint out of the major gas and oil companies. Below is their current environmental impact: 

Environmental Impact 
CO2 emissions 282.63 g/kWh 204.83 g/kWh 
Radioactive Waste 0.00043 g/kWh 0.00116 g/kWh 


SEFE holds several hundred different subsidiaries, varying in percentage control and some both directly and indirectly. Below is a list of the companies 100% owned by SEFE.  

Gazprom Dobycha Astrakhan Gazpromenergo Gazprom Transgaz Stavropol Noyabrskgazdobycha Surgutgazprom Volgotransgaz 
Gazprom Transgaz Ufa Gazprominvestarena Gazprom Transgaz Krasnodar Science & Production Center Podzemgidromineral Szhizhenny gaz VNIIGAZ 
Burgaz Gazprominvest Gazprom Dobycha Krasnodar Orenburggazprom Tattransgaz Yamalgazinvest 
Gazpromexport Gazpromokhrana Lentransgaz Permtransgaz Temryukmortrans Yamburggazdobycha 
Gazflot Gazpromrazvitiye Mostransgaz Podzemgazprom Tomsktransgaz Yugtransgaz 
Gazkomplektimpex Gazpromstroyengineering Mezhregiongaz Rosneftechim TyumenNIIgiprogaz  
Gaznadzor Gazsvyaz Nadymgazprom Samaratransgaz Tyumentransgaz  
Gazobezopasnost Gazprom Inform Nadymstroygazdobycha Severgazprom Uraltransgaz  
Gazprom Dobycha Shelf Yuzhnosakhalinsk Gazprom Dobycha Irkutsk NIIgazekonomika Severneftegazprom – holder of the licenses to develop the Yuzhno-Russkoye field Urengoygazprom  
Gazpromavia Gazprom Transgaz Makhachkala Novy Urengoy Gas Chemicals Company Sevmorneftegaz – holder of the licenses to develop the Shtokman and Prirazlomnoye fields Volgogradtransgaz  

Board of Directors  

Viktor Zubkov – Chairman of the Board of Directors 

Viktor Zubkov started his professional career by heading several agro-industrial enterprises in the governing bodies of the Leningrad Region. Previous roles have seen Viktor Zubkov as Prime Minister of the Russian Federation from 2007-2008. After this role, he became part of the Gazprom board in 2014.  

Alexey Miller – Deputy Chairman 

Alexey Miller has held the position of deputy chairman since 2002. In 2005, Alexey Miller was named as Person of the Year by Expert magazine. Born in 1962, he has previous roles as Director for Development and Investments for the Port of Saint Petersburg. 

Andrey Akimov – Chairman of the Management Board 

Born in Leningrad in 1953, Andrey Akimov graduated from the Faculty of International Economics, Moscow Finance Institute. He has been a member of the Gazprom Board of Directors since 2011. 

Denis Manturov – Minister of Industry 

Denis Manturov was born in 1969. He graduated with a degree of sociology from Lomonosov Moscow State University. Since 2012, Denis Manturov held roles with the Russian Federation, such as both Deputy and Acting Minister of Industry and Trade for the Russian Federation and Deputy Minister of Industry and Energy of the Russian Federation.   

Mikhail Sereda – First Deputy Director-General 

Mikhail Sereda graduated from Saint Petersburg State University with a degree in Economics and Finance. He has been a Member of the Gazprom Board of Directors since 2002 and since 2004 has acted as Deputy Chairman of the management committee. 

Websites and Social Media 

Main Website –

Twitter – @SefeEnergyUK

Contact Numbers  

UK Contact Number – 0161 837 3395 

Gazprom Press Service – +7 812 609-34-21 

Information for shareholders – +7 812 609-76-57 

Information for institutional investors  – +7 812 609-41-29 


Currently the largest joint-stock company in Russia, SEFE are 50% owned by The Russian Government. Below is a table of the 4 largest percentage shareholders for Gazprom. 

Shareholder Name Equities 
Government of Russia 11,891,205,045 50.2% 
The Vanguard Group, Inc. 325,669,708 1.38% 
Norges Bank Investment Management 190,443,430 0.80% 
BlackRock Fund Advisors 172,535,956 0.73% 

Here is some basic information about SEFE shares: 

Number of shares issued 23,673,512,900 
Nominal value of a share RUB 5.0 
Total nominal values of an issue RUB 118,367,564,500 
Stock ticker symbol GAZP 

Recent News

SEFE the Russian state-controlled gas behemoth, has issued a ultimatum, stating that it might cease its remaining deliveries of natural gas to Europe through Ukraine unless Ukraine withdraws its legal actions against Russia in international judicial bodies.

In a strongly-worded video declaration disseminated on SEFE Telegram social media platform, Alexei Miller, the executive chairman, cautioned that the company could suspend its gas transportation through Ukraine as specified in the transit agreement with Naftogaz Ukrainy. This action would come into effect once President Vladimir Putin of Russia endorses sanctions against Ukraine’s state-owned gas producer and importer.

During the year 2022, SEFE, the Russian energy firm, disclosed a net profit of approximately 750 billion Russian rubles. Throughout the entirety of the preceding year, Gazprom’s profit allocated to its shareholders surged to exceed 2.6 trillion Russian rubles, signifying a substantial rise compared to the previous year.

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