The shale revolution has been bad for Gazprom but good for another Russian oil and gas company. TMK has grown into one of the world’s top three steel pipe suppliers as oil majors drill deep into the earth’s crust for non-conventional energy supplies.

Controlled by Russian billionaire Dmitry Pumpansky (pictured), TMK produces about 4m tonnes a year of steel pipe at plants in Russia , North America, Europe and the Middle East. Read more