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 Board of Directors as of 9 August 2015: Former members of the board: Gazprom's management committee as of December 2006: Former members of the management committee: On 5 September 2005, shares of the members of the Board of Directors and Management Committee were: Others have no share. Gazprom is the owner and sponsor of the Russian Premier League football club FC Zenit Saint Petersburg and volleyball club VC Zenit-Kazan and Gazprom-Ugra Surgut at Russian Super League. On 1 January 2007, Gazprom also became the sponsor of the German Bundesliga club FC Schalke 04 at a cost of up to €25