Gazprom Space Systems
Encyclopedia
OJSC Gazprom Space Systems , previously known as (Gascom) , is a Russian communications satellite
Communications satellite
A communications satellite is an artificial satellite stationed in space for the purpose of telecommunications...

 operator and developer.

Overview

Gascom currently operates three Yamal
Yamal (satellite)
Yamal is a communication satellite developed by Gazprom Space Systems for Russian Direct-To-Home television. The first satellite of the Yamal series was launched by September 6, 1999.-External links:**...

 telecommunication satellites, designed and built jointly with the Energia space corporation. The satellites are used to transmit over 60 Russian and foreign television channels, and are also used by the Defense, Nuclear Energy, and Education Ministries. The gas company Gazprom
Gazprom
Open Joint Stock Company Gazprom is the largest extractor of natural gas in the world and the largest Russian company. Its headquarters are in Cheryomushki District, South-Western Administrative Okrug, Moscow...

 accounts for 17% of the use of Gascom's services. Government structures use 10%, corporate and commercial service providers 51%, and commercial television companies 22%.

In 2008, the company's revenue was $83.7 million. Gascom has experienced high growth rates in recent years, with annual revenues growing from $5.5 million in 2000 to £32.6 million in 2005 and $83.7 million in 2008.

History

The company was founded in 1992 by several Gazprom Group enterprises (Yamburggazdobicha, Tumenburgaz, Urengoygazprom, Nadimgazprom, Tumentransgaz), as well as NPO Energia and Gazprombank
Gazprombank
Gazprombank is the largest Russian non-state owned bank, which is among the three largest banks in Russia. It is a joint stock bank founded in 1990. The bank is owned by the Russian gas company Gazprom, which controls 62.59% of shares directly and also retains shares through its subsidiaries...

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