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 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