Gazprom is global energy company specializing in geological exploration, manufacturing and gas and oil production. It was founded in 1989 in Russia (USSR). The Russian government owns over 50 percent of the company's shares.
Russian state-run gas giant Gazprom will not start shipments of natural gas to Ukraine's Naftogaz starting March 1 after sides failed to reach an agreement, the company’s deputy chairman, Alexander Medvedev, told journalists.
A Stockholm arbitration hearing has validated the most important points of Gazprom’s delivery contract with Ukraine, the deputy chair of Russia’s gas giant has said, and Kiev will have to pay despite claiming it has won the case.