Gas-liquid mass transfer plays a key role in a broad range of industrial processes. The magnetic field control over the morphology of the gas-liquid interface and solute transport is an attractive feature if it can be realized efficiently. However, the magnetic properties of typical liquids and gases are rather weak. The experimental investigation is carried out to evaluate the effect of the magnetic field, which is mediated by magnetic nanoparticles, on the gas-liquid mass exchange during the sparging run through a hydrocarbon ferrofluid. The results indicate that the gradient field is especially effective at controlling the gas-liquid contact volume: the foaming of the liquid during the sparging of gas has been completely suppressed by the magnetic forces without any reduction of the mass exchange efficiency.