Gazprom 1980s, the Ministry of Gas Industry found large natural gas reserves in Siberia, the Ural region and the Volga region. The Soviet Union became a major gas producer. In August 1989, under the leadership of Viktor Chernomyrdin, the Ministry of Gas Industry was renamed the "State Gas Concern Gazprom", and became the Soviet Union's first state run corporate enterprise. In late 1991, when the Soviet Union dissolved, gas industry assets were transferred to newly established national companies, such as Ukrgazprom and Turkmengazprom. Gazprom kept assets located in Russia and secured a monopoly in the gas sector. In December 1992, when
Gazprom Armenia Gazprom Armenia Gazprom Armenia (), formerly known as ArmRosGazprom (; ), is a subsidiary of the Russian Gazprom company in Armenia. It was founded in 1997 as a joint Russian-Armenian natural gas pipeline project. When it was founded, the Russian state gas monopolist Gazprom owned 45% of stock, the Energy Ministry of Armenia 45% and the ITERA company 10%. In 2014, Gazprom became the sole owner of the company and renamed it Gazprom Armenia. Director General of the company is Karen Karapetyan. The company operates the gas supply for Armenia's domestic gas market as also power generation. In April 2006,