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 its sales to European customers. In 2008, the average gas price paid by Russian industrial customers was $71/mcm, while households paid $54/mcm. Since 2000, Natural gas prices have fluctuated. In late 2007, the price of natural gas at the New York NYMEX was 7,53 $ per MMBtu, at 26,4 m³ per MMBTU representing a price of $285 per 1000 Cubic metres. At the same time, based on their respective contracts with Gazprom, German customers paid (per cubic metre) $250, Polish customers $290, Ukraine customers $130 and Russian customers $49. Gazprom delivers gas to 25 European countries. Its main export arm