Public Joint Stock Company Gazprom (PJSC Gazprom) is a Russian transnational energy company with over 50% of its shares owned by the state. It is the holding company of the Gazprom Group. PJSC Gazprom directly sells natural gas and leases its gas transmission system. The main areas of activity are geological exploration, production, transportation, storage, processing and sale of gas, gas condensate and oil, sale of gas as a motor fuel, as well as production and sale of heat and electricity. Gazprom is the owner of a significant part of the shares of Gazprom Space Systems, a subsidiary of the telecommunications services industry.