Energy in Armenia which maintains a monopoly over Armenia's natural gas market. Gazprom wholly owns a crucial 24-mile section of the pipeline which Armenia surrendered in exchange for natural gas supplies from Russia at prices well below the European average until 2009. According to an analyst, Armenia "effectively bargained away its future prospects for energy sources in return for cheaper prices now." While Armenia could diversify its gas supply, with control of the Iran-Armenia gas pipeline, Gazprom now controls the competitors' supply. In 2009 Armenia was importing 1-1.5 million cubic meters of Iranian natural gas, paying for this by electricity exports. In 2010
Gazprom Germania Gazprom Germania GAZPROM Germania GmbH (), a company registered in Berlin, Germany, is headquarters of a diversified conglomerate, GAZPROM Germania Group, operating in more than 20 countries, and is a 100% subsidiary of the world's largest natural gas company, Gazprom. GAZPROM Germania Group is active in natural gas sales and marketing, trading, exploration and production, as well as in underground storage projects. Companies of the group operate in Europe, USA, Central Asia and Singapore. GAZPROM Germania Group owns shares in: In addition to its main activities of expanding Gazprom's operations in foreign markets, Gazprom Germania Group is an active sponsor