We now plan to shape a simpler, leaner, more agile and competitive company focusing on our priorities for growth in liquefied natural gas and deep water.

To get to this point, the group went through tough times and a radical structural overhaul, transforming from a state monopoly into a modern, competitive company.

Nonetheless, a pure monopoly can unlike a competitive company alter the market price for its own convenience: a decrease of production results in a higher price.

The result that monopoly prices are higher, and production output lesser, than a competitive company follow from a requirement that the monopoly not charge different prices for different customers.

It's the earning attitude, then, that characterizes the workers of competitive companies.