Gazprom Plans $1.8 Million Bash After 2008 Deep Purple Concert

OAO Gazprom (OGZD), the world’s biggest natural-gas producer, plans to spend 55.7 million rubles ($1.8 million) on festivities in the Kremlin to mark its 20th anniversary early next year.

Gazprom’s celebrations will include a concert that will be broadcast on national television and a formal reception, according to a statement on the Moscow-based company’s website. Tina Turner and Deep Purple played at the company’s 15th anniversary party in February 2008, and President Vladimir Putin congratulated the state-run gas export monopoly with a speech.

Russia’s biggest company by market value was created in February 1993 out of a state-run gas concern that had its roots in the Soviet-era ministry for the gas industry. Gazprom’s value has increased to $130 billion from about $5 billion in 1994, according to data from the company and compiled by Bloomberg.

Gazprom selected a 39 million-ruble bid from OOO Spektr to organize the concert and broadcast and decorate the stage, according to the statement. OOO Afisha was picked to decorate reception and concert halls, organize the photography and filming of the celebrations as well as make printed products.

The musicians weren’t announced. Gazprom Chief Executive Officer Alexey Miller, in an interview with the Itogi magazine in June 2008, said he was a fan of Deep Purple, like Prime Minister Dmitry Medvedev, a former Russian president and Gazprom board chairman.

Along with gas extraction, transportation and sales, Gazprom also runs a satellite communications unit and its own airline and sponsors Russia’s Zenith and Germany’s FC Schalke 04 soccer clubs.

To contact the reporter on this story: Anna Shiryaevskaya in Moscow at ashiryaevska@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net

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