Russia - Gazprom monopoly

I am going to tell you about the biggest company in Russia, it is a gas company called Gazprom. Tis company is a gas monopoly in Russia.

So, first of full, this term exists when a specific individual or an interprise has sufficient control over a particular product or service.

So, Gazprom company is the largest company of natural gas and largesr Russian company. Also Gazprom is only one gas company in Russia. The main office of Gazprom is situated in Moscow also Gazaprom has some areas in United states, East Europe, Japan, South Korea and in Germany.

The president of company is Alexey Miller. Gazprom company produce about 540.7 billion cubic meters of natural gas and it is 21% of the worldwide gas production. Also Gazprom produce about 32 million tons of oil. Gazprom activates and increase about 10% of Russia's gross domestic product(GDP). In 2008 Gazprom sold 316 cubic metres to domestic consumers in Russia, 162 cubic metres to Europe and 98 cubic metres to countries of Baltic sea. Gazprom has deal with big companies such as oil company Shell and Exonmobile. Gazprom it is a big assistance for maintaining Russian economic system,Gazprom reduced taxes from domestic concumers of Russia and that's great because in Russia there are no many rich people who can pay expensive taxes for gas and since 2007 Gazprom have increased costs on gas for European countries, what is good for Russia as a whole. It is a vertically integrated company. It own all gas-processing facilities in Russia. Gazprom also controls assets in banking, insurance, agriculture and media. Also in 1999 Gazprom took over another russian gas company Novatek and Gazprom made a horizontal integration and it was horizontal monopoly. Gazprom became only one gas company in Russia. Nowadays Gazprom is a second largest gas company in the world after Exonmobile company.Income of Gazprom company for 2008 is 87 billion american dollars.In 2007 Gazprom made a deal with Kazakhstan, Turkmenistan and Azerbaijan, the deal means that Russia will build pipes in these countries for oil and gas transiting. In 2006 Gazprom made a contract with German government. According to this deal, German government will buy gas from Gazprom for nearly 10 years for 285 euro for 184.4 cubic metres.In 2009 Gazprom dealed with Japanese car company Mitsubishi and German energy corporation E.On. Gazprom is a main sponsor of all sport facilities in Russia.