Alexei Miller, CEO of Gazprom, will continue his role for another five years after the board extended his contract. Miller, 64, was born in Leningrad and worked in the St. Petersburg mayor’s office from 1991 to 1996 under Vladimir Putin. He became head of Gazprom in 2001, shortly after Putin became president, helping the state regain control over the company and ensuring its monopoly on natural gas exports.
Critics allege that Moscow uses Gazprom as an “energy weapon,” particularly regarding Ukraine, a key route for gas exports to Europe. In 2007, Gazprom was the third-largest global company, valued at over $330 billion. However, by November 2023, its value dropped to $43 billion, with gas exports to Europe falling sharply from previous years.
With information from Reuters