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 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