Gazprom where it is constructing Europe's tallest building for its new headquarters. Gazprom is the world`s largest oil producer, with producing oil through the largest natural gas field in the world, the Shtokman field. Gazprom was created in 1989 when the Soviet Ministry of Gas Industry was converted to a corporation, retaining its Russia-based assets. Gazprom is involved in the Russian Government's diplomatic efforts, setting of gas prices, and access to pipelines. Gazprom's production fields are located around the Gulf of Ob in Western Siberia. Plans have also been made to mine the Yamal Peninsula. Gazprom's gas transport system includes 158,200
Gazprom Promgaz for gas supply of South Ossetia and Armenia. Gazprom Promgaz plans gas transportation and its distribution systems, as well as investigating various research in the field of natural gas. The company is the general planner of the natural gas supply program for Russian regions, developed by Gazprom. The company is also a research center of Gazprom in the field of regional power systems, the supply, distribution and use of gas, efficient energy use and energy-savings, price setting for construction of gas industry objectives, the development of regional hydrocarbon fields and development of non-traditional hydrocarbon resources including coal bed methane. Gazprom