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
Energy and Environmental Security Initiative key decision-makers throughout the world in two ways: First by evaluating the extent to which their existing commitments and pledges are actually working; and second, by facilitating new and better clean and affordable energy solutions. IPECC will provide the information needed to improve the effectiveness of existing commitments and encourage new commitments where necessary. It is designed to track and monitor the implementation of sustainable energy commitments undertaken by governments, corporations and other entities, and to provide detailed information on the extent to which they are being complied with. In doing so it will serve as a watchdog over what