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Stroygazmontazh (), also called the S.G.M. Group, is an infrastructure construction firm that operates in
Russia Russia, or the Russian Federation, is a country spanning Eastern Europe and North Asia. It is the list of countries and dependencies by area, largest country in the world, and extends across Time in Russia, eleven time zones, sharing Borders ...
primarily via its subsidiaries, specializing in the creation of oil and gas transportation systems. The company was founded in 2008 with operations in construction—particularly of oil and gas infrastructure—in Russia. According to the RBK Group, it is the 44th largest company in Russia by income, with an annual 276 billion in revenue.


History


Foundation

Stroygazmontazh was initially founded in 2008 by Russian businessman and oligarch Arkady Rotenberg after he purchased five companies under the control of Russian oil and gas giant
Gazprom PJSC Gazprom ( rus, Газпром, , ɡɐsˈprom) is a Russian State-owned enterprise, majority state-owned multinational Energy industry, energy corporation headquartered in the Lakhta Center in Saint Petersburg. The Gazprom name is a contract ...
. Rotenberg is a close friend of Russian President
Vladimir Putin Vladimir Vladimirovich Putin (born 7 October 1952) is a Russian politician and former intelligence officer who has served as President of Russia since 2012, having previously served from 2000 to 2008. Putin also served as Prime Minister of Ru ...
, which has led to the S.G.M. Group and other firms under Rotenberg's control winning a number of Russian government contracts. By January 2019, Arkady Rotenberg through his Stroygazmontazh LLC and his companies, along with Nikolai Shamalov and Yuri Kovalchuk through their Rossiya Bank have become the most important investors in Russia's development of the annexed Crimea. Stroygazmontazh built the
Crimean Bridge The Crimean Bridge (, ; ), also called Kerch Strait Bridge or Kerch Bridge, is a pair of parallel bridges, one for a four-lane road and one for a double-track railway, spanning the Kerch Strait between the Taman Peninsula of Krasnodar Krai in ...
, commencing in February 2016. The road bridge was opened in October 2018, and the rail bridge opened in June 2020. In 2019, the company's revenue amounted to 194 billion rubles.


2019 buyout

In early November 2019, Rotenberg's shares in the company were reportedly sold to Gazstroyprom—an infrastructural firm under the administration of
Gazprom PJSC Gazprom ( rus, Газпром, , ɡɐsˈprom) is a Russian State-owned enterprise, majority state-owned multinational Energy industry, energy corporation headquartered in the Lakhta Center in Saint Petersburg. The Gazprom name is a contract ...
—for a total of ₽75 billion ($1.18 billion). Stroygazmontazh had been a subcontractor of Gazprom for some time, and had collaborated in building 320 kilometers of onshore pipelines for the
Nord Stream 2 Nord Stream 2 (German language, German–English language, English mixed expression for "North Stream 2"; ) is a natural gas pipeline from Russia to Germany running through the Baltic Sea, financed by Gazprom and several European energy compani ...
project.


Projects


Crimean Bridge

In 2016 and 2017 it was reported that Stroygazmontazh, with evident ties to Russian President
Vladimir Putin Vladimir Vladimirovich Putin (born 7 October 1952) is a Russian politician and former intelligence officer who has served as President of Russia since 2012, having previously served from 2000 to 2008. Putin also served as Prime Minister of Ru ...
, had won a contract in January 2015 to construct the
Crimean Bridge The Crimean Bridge (, ; ), also called Kerch Strait Bridge or Kerch Bridge, is a pair of parallel bridges, one for a four-lane road and one for a double-track railway, spanning the Kerch Strait between the Taman Peninsula of Krasnodar Krai in ...
providing a two-track railway link, and a four lane automobile and truck, link between Russia and Crimea by crossing the Kerch Strait, and that it had proceeded to begin construction. The Russian government stipulated that Stroygazmontazh was to complete the railway link by August 1, 2019, and fully complete all works on the bridge by December 1, 2019. Stroygazmontazh had never built a major bridge before. Because of the risks of EU sanctions applied in July 2018, no international insurance company was willing to underwrite the potential $3 billion loss if the project went wrong—thus, a small Crimean insurance company underwrote it. Stroygazmontazh commenced construction in February 2016. The road bridge was opened in October 2018, and the rail bridge opened in June 2020.


References

{{reflist Construction and civil engineering companies of Russia Companies based in Moscow Construction and civil engineering companies established in 2008 Russian companies established in 2008 Russian entities subject to U.S. Department of the Treasury sanctions Arkady Rotenberg