Annual Meeting of Gazprom Space Systems Shareholders Took Place

On the 29th of June shareholders of Gazprom Space Systems gathered at their annual meeting and approved the company’s annual report and financial statements of the year 2009.

On the 29th of June shareholders of Gazprom Space Systems gathered at their annual meeting and approved the company’s annual report and financial statements of the year 2009.

Gazprom Space Systems’ internal documents and accounting firm (PRIMA-Audit) were also approved; the Board of Directors and the company’s Internal Audit Commission were elected.

2009 Results Note

In 2009 the first satellite of Gazprom Space Systems – Yamal -100, recorded its 10th anniversary. So, the satellite reached the end of its projected lifetime and in 2010 it will be taken out of service.

Yamal-200 satellites, launched in 2003, have been fully loaded for two years.

Thus, the task of replenishing and developing its orbital constellation became vital for the company more than ever. And in 2009 Gazprom Space Systems made important steps towards the creation of new Yamal satellites.

So, the restart of Yamal-300 project took place. It was decided that ISS Reshetnev would finish the project. In Summer 2009 the contract for Yamal-300K building came into force. The satellite should be launched in 2011.

Also during the whole 2009 the company dealt with Yamal-400 project arrangement. The activities to define the cooperation, participating in the project, so that significantly increase the Russian enterprises share were conducted.

As a result, Yamal-400 project is implemented in the following way:

  • Yamal-401 satellite, dedicated to operate at 90E orbital position, will be assembled and tested at the plant of Information Satellite Systems Reshetnev Company based on Express-2000 bus in cooperation with Gazprom Space Systems and using the equipment provided by Thales Alenia Space (the satellite launch date is 2013);
  • Yamal-402, dedicated to operate at 55E orbital position, will be produces by Thales Alenia Space based on Spacebus-4000 (the satellite launch date is 2012); 
  • The satellites will be launched by Proton vehicle, produced by Khrunichev Space Centre.

In 2009 in the frame of implementing the company’s strategy to move the main operation facilities from the leased territories to the own territory, the activities on building a new Telecommunication Centre in Shchelkovo, Moscow region, were vigorously performed. In Autumn 2009 one of the oldest company’s teleport was moved to the Centre.

Despite the full loading of the current satellites, the company succeeded in providing more than 4 percent income growth in 2009.

   In 2009 the company earned 2 170,9 million rubles (71.8 million US dollars), at that:

  • The revenue, earned from the satellite operator activity (satellite capacity and services provision), amounted to 1 997,4 million rubles (66.1 million US dollars),
  • The revenue, earned from the telecommunication systems construction, amounted to 173,5 million rubles (5.7 million US dollars).

The number of TV channels on Yamal satellites exceeded one hundred that amounted more than 30 percent of the total number of the TV channels distributed over Russia via satellites.

   By the end of 2009 about 6000 VSATs operated via Yamal satellites that is about 15% of the total number of VSATs in the Russian Federation.

The company kept its positions on the world market: 28 percent of its income the company gets from foreign customers, and Yamal satellites capacity is used for providing services in 50 countries of the world.

In 2009 the company continued developing its new business in sphere of aerospace monitoring, having implemented the projects in the interests of Gazprom and Rosatom.


Gazprom Space Systems (before December, 1, 2008 – Gascom) is a subsidiary of Gazprom. The company created and operates the satellite communication system of Gazprom based on Yamal-100, Yamal-201 and Yamal-202 satellites, satellite communications network and satellite digital TV broadcasting system.

The main business directions of the company are delivery of the satellite capacity and services, development of the space systems for different purpose and integration of satellite infocommunications networks.

To extend and develop the orbital constellation of the company now three satellites (Yamal-300K, Yamal-401 and Yamal-402) are under construction, the launch of which in 2011-2013 will increase the company’s satellite capacity by 4 times.