Companies & Finance

Gazprom planning major overhaul of its export operations

Gazprom plans to reorganise its export operations, including marketing and trading, over the next two years, the Russian gas giant has said.
By Staff reporter 13 February 2018 0 29566

Gazprom plans to reorganise its export operations, including marketing and trading, over the next two years, the Russian gas giant said in a press release on Monday.

The reorganisation envisages asset sales, a major reduction in staff numbers in foreign divisions and the avoidance of risky or loss-making operations. The new business model will involve creating an integrated international sales division that will be responsible for supplies, trading and marketing for Gazprom’s entire portfolio.

The integrated division will be set up in two stages over two years....