Russia’s Gazprom to overhaul export operations

Russian energy giant Gazprom plans to reorganise its export operations, including marketing and trading.

Gazprom said in a statement on Monday it would create an integrated international distribution unit responsible for all of its export deliveries, trading and marketing.

The reorganization will take place in two stages over two years.

The first stage will involve the merging and optimization of activities and assets within the Gazprom Germania Group, which handles a large proportion of the company’s exports.

At the second stage, the newly restructured Gazprom Germania and Gazprom Export will unite their operations so as to set up the international marketing division.