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 Arena by the city government of St Petersburg, with Gazprom switching to build a separate skyscraper project. The City Hall had to step in after Gazprom declined to invest any further money into the stadium's construction. On 25 July 2016 the general contractor, Inzhtransstroy-Spb, issued a statement that the city authorities have failed to pay 1 billion rubles ($15.8 million at the current exchange rate) worth of construction work and stopped the work. The next day the contract was terminated. On 1 August there were reports of wind damage to parts of the metal sheathing, and a flood. In the end