Gazprom Gazprom Public Joint Stock Company Gazprom (, "Publichnoe Aktsionernoe Obshchestvo Gazprom", abbreviated PAO Gazprom, , ) is a large Russian company founded in 1989, which carries on the business of extraction, production, transport, and sale of natural gas. The company is majority owned by the Government of Russia, via the Federal Agency for State Property Management and . The remaining shares are listed on public stock markets of Moscow, London and Frankfurt. The Gazprom name is a portmanteau of the Russian words Gazovaya Promyshlennost ( - gas industry). Gazprom is in the process of moving from Moscow to Saint Petersburg,
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