Doha Meeting of Gas Exporting Countries
Gas Exporting Countries (GECF) meet Sunday in Doha, Qatar to prepare the first summit of this body Tuesday in the presence of Algerian president Abdelaziz Bouteflika.
- Gas Exporting Countries (GECF) meet Sunday in Doha, Qatar to prepare the first summit of this body Tuesday in the presence of Algerian president Abdelaziz Bouteflika.
- The Gas Exporting Countries Forum GECF, a kind of OPEC of gas as it is called, counts eleven member countries with nearly 70% of world gas reserves, including Algeria, Russia (largest producer), Qatar, Iran and Venezuela.
- The GECF is trying to find ways to balance the price of gas, according to organizers, which will be indexed to oil prices.
- The purpose of this meeting is to coordinate the efforts of producing countries to promote the gas industry worldwide, exchange expertise and the security of gas supplies, reads the press release from the organizers.
- President, Abdelaziz Bouteflika is expected Tuesday in Doha to take part at the summit of this forum.
- In December 2008, Gas Exporting Countries have established a formal organization, an approach that did please to gas consuming countries, who fear an influence on prices.
- The Forum brings together gas exporters, including Algeria, Iran, Libya, Russia, Bolivia, Egypt, Nigeria, Qatar, Equatorial Guinea, Venezuela and Trinidad and Tobago. Other countries: Norway, the Netherlands and Kazakhstan have observer status.
- Ennaharonline/ M. O.