Gazprom Armenia fully depends on gas import from Russia via Georgia, the Iran-Armenia Natural Gas Pipeline was intended to decrease the dependency on Russia. The 1.1 bcm of gas per year had given Armenia a considerable bargaining power against Gazprom. Critics now say that placing the pipeline under Russian control would only deepen that dependence and that the agreement could be seen as a big geopolitical victory of Russia in the Transcaucasian region. 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
Gazprom Arena by the city government of St Petersburg, with Gazprom switching to build a separate skyscraper project. The City Hall had to step in after Gazprom declined to invest any further money into the stadium's construction. On 25 July 2016 the general contractor, Inzhtransstroy-Spb, issued a statement that the city authorities have failed to pay 1 billion rubles ($15.8 million at the current exchange rate) worth of construction work and stopped the work. The next day the contract was terminated. On 1 August there were reports of wind damage to parts of the metal sheathing, and a flood. In the end