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Gas Exporting Countries Forum

Gas Exporting Countries Forum (GECF)
Logo
Members (blue) and observers (orange) of the Gas-Exporting Countries Forum.
Members (blue) and observers (orange) of the Gas-Exporting Countries Forum.
Headquarters Doha, Qatar
Type Trade forum
Members[1]
Leaders
 -  Secretary General Mohammad Hossein Adeli
Establishment Tehran, Iran
 -  Forum May 19–20, 2001 
 -  Statute  
Website
.org.gecfwww
Dmitry Medvedev and the participants in the seventh ministerial meeting of the Gas Exporting Countries' Forum (GECF), Moscow Kremlin, 2008.
Vladimir Putin and the participants in the meeting of the heads of state and government of the Gas Exporting Countries Forum (GECF), Moscow Kremlin, 2013.

The Gas Exporting Countries Forum (GECF) is an Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Russia, Trinidad and Tobago and Venezuela. GECF members together control over 70% of the world's natural gas reserves, 38% of the pipeline trade and 85% of the liquefied natural gas (LNG) production.[2] The three largest reserve-holders in the GECF – Russia, Iran and Qatar – together hold about 57% of global gas reserves.[2]

Contents

  • History 1
  • Objectives 2
  • Organizational structure 3
    • Ministerial meetings 3.1
    • Summits 3.2
  • Membership 4
  • Gas OPEC 5
  • See also 6
  • References 7
  • Bibliography 8
  • External links 9

History

The GECF was established in

  • GECF.org
  • Gas Exporting Countries Forum: The Russian-Iranian Gas Cartel

External links

  • Hallouche, Hadi (June 2006). The Gas Exporting Countries Forum: Is it really a Gas OPEC in the Making? (PDF).  
  • Socor, Vladimir (2008). "A Russian-led "OPEC for Gas"? Design, Implications, Countermeasures" (PDF). Lithuanian Foreign Policy Review (Foreign Policy Research Center) (20).  
  • Flynn, Chris; Dyer, Erin (2008). "The Creation of a Gas Cartel v The Commoditisation of Gas". The International Comparative Legal Guide to: Gas Regulation 2008. Global Legal Group. pp. 1–3. Retrieved 2008-12-26. 

Bibliography

  1. ^ GECF Members & Observers GECF
  2. ^ a b Marcel Dietsch (2009-12-10). "The Next Global Energy Cartel".  
  3. ^ Katya Golubkova, Amie Ferris-Rotman (2008-12-23). "Russia hosts new gas body, faces OPEC ire over oil".  
  4. ^ a b c Kevin Baxter (2009-07-02). "Qatar energy chief says UAE to join gas forum". ArabianOilandGas.com (ITP Business Publishing Ltd.). Retrieved 2009-07-02. 
  5. ^ a b Ayesha Daya, Robert Tuttle (2009-06-30). "Gas Producers Count on Oil-Linked Contracts in Qatar". Bloomberg. Retrieved 2009-07-02. 
  6. ^ Anatoly Medetsky (2009-07-01). "Russia Fails to Offer Gas Candidate". The Moscow Times. Retrieved 2009-07-02. 
  7. ^ a b c "Five facts about Russian head of gas grouping".  
  8. ^ "Russian diplomat retains top GECF post".  
  9. ^ "Iran's Oil Minister Appointed GECF Head". Mees. 21 August 2013. Retrieved 13 September 2013. 
  10. ^ "GECF gas summit focuses on stable supplies, markets". Gulf Times. 2011-11-15. Retrieved 2011-11-15. 
  11. ^ Wrede, Insa (2011-11-17). "Global 'gas cartel' is a long way off, experts say".  
  12. ^ "Gas Exporters Seek 'High' Prices as They Cooperate on Supply, Projects".  
  13. ^ John, Pratap (2011-11-16). "Doha summit urges fair price for gas".  
  14. ^ "First Summit of Gas Exporting Countries Forum Concludes in Doha". MENAFN. 2011-11-16. Retrieved 2011-11-18. 
  15. ^ "Medvedev welcomes 1st GESF summit in Doha".  
  16. ^ "Russia ready to host 2nd GECF summit".  
  17. ^ "Oman joins GECF natural gas cartel".  
  18. ^ a b "World gas producers approve charter for Doha-based forum". Xinhua. 2008-12-24. Retrieved 2008-12-26. 
  19. ^ "Putin says 'cheap gas era' ending". BBC. 2008-12-23. Retrieved 2008-12-23. 
  20. ^ "Russia Says Gas Forum Will Not Be OPEC-Like Cartel". RFE/RL. 2008-12-23. Retrieved 2008-12-23. 
  21. ^ Ahmed Rouaba (2010-04-19). "Yemen in Talks to Join Gas Exporting Countries Forum".  
  22. ^ "Angola may join Gas Exporting Countries Forum". MacauHub. 2010-04-20. Retrieved 2010-04-22. 
  23. ^ "Field Listing - Population".  
  24. ^ "Field Listing - Area".  
  25. ^ Roman Kupchinsky (2006-08-14). "Russia: Algeria Deal Revives Talk Of Gas Cartel". RFE/RL. Retrieved 2008-12-23. 
  26. ^ a b "Russia, Iran in talks to create natural gas organization". CNN. 2007-02-02. Retrieved 2008-12-23. 
  27. ^ "'"Gas producers 'to discuss cartel.  
  28. ^ a b Barbara Lewis, Simon Webb (2007-04-09). "Gas club seeks more clout, but not yet an OPEC".  
  29. ^ "Shmatko predicts strong role of GECF".  
  30. ^ Fedoruk, Vladimir (2011-11-14). "A gas OPEC to dominate GECF summit in Doha, Russia not present".  

References

See also

Creation of the "Gas OPEC" was one of the topics of the first GECF's summit. However, some GECF's members are concerned over the gas exports to be politicized.[30]

Since the establishment of the GECF in 2001 there has always been speculation that some of the world's largest producers of natural gas, in particular Russia and Iran, intend to create a gas cartel equivalent to [29]

Gas OPEC

Country Region Signed GECF
statute
Population
(July 2012 est.)[23]
Area (km²)[24]
 Algeria Africa 2008 35,406,303 2,381,741
 Bolivia South America 2008 10,290,003 1,098,581
 Egypt Africa 2008 83,688,164 1,001,450
 Equatorial Guinea Africa 2008 685,991 28,051
 Iran Middle East 2008 78,868,711 1,648,195
 Libya Africa 2008 6,733,620 1,759,540
 Nigeria Africa 2008 170,123,740 923,768
 Qatar Middle East 2008 1,951,591 11,586
 Russia Europe 2008 138,082,178 17,098,242
 Trinidad and Tobago North America 2008 1,226,383 5,128
 Venezuela South America 2008 28,047,938 912,050
Total 555,104,622 26,868,332 km²

The members are Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Oman, Qatar, Russia, Trinidad and Tobago, and Venezuela.[7][17] Kazakhstan, Norway and the Netherlands are observers. Other countries like Brunei, Indonesia, Malaysia, the United Arab Emirates, and Yemen have participated at different meetings.[4][18][19][20] Yemen and Angola are interested to become members of the organization.[21][22] The full membership will be granted by the approval of at least three quarters of all members.[18]

Membership

Russia has expressed its readiness to host the second summit of GECF.[16]

Holding the GECF's summit was decided at the 10th ministerial meeting in Oran in 2010. The first GECF's summit was held in Doha on 15 November 2011, under patronage of Emir Sheikh Hamad bin Khalifa al-Thani, following the thirteenth ministerial meeting held at the same place on 13 November 2011.[10] Two main issues which were discussed at the summit, were natural gas prices and a common approach to the natural gas market.[11] It was agreed on the summit that the price of gas used to generate electricity is too low and the gap between prices for gas and crude oil need to be narrowed. The linking of gas prices to the oil price was considered. However, the GECF will not set output limits for its members.[12] The summit issued "Doha Declaration", which said that GECF members "recognized the importance of long-term gas contracts to achieve a balanced risk sharing mechanism between producers and consumers." and
"acknowledge the need to reach a fair price for natural gas based on gas to oil/oil products prices indexation with the objective of an oil and gas price convergence ..."[13][14] Russian president Dmitry Medvedev made a statement calling the summit "an important event, which marked a new stage in the development of the global energy sector and the gas sector in particular."[15]

Summits

Meeting Year
Tehran, Iran 2001
Algiers, Algeria 2002
Doha, Qatar 2003
Cairo, Egypt 2004
Port of Spain, Trinidad and Tobago 2005
Doha, Qatar 2007
Moscow, Russia 2008
Doha, Qatar 2009 (June)
Doha, Qatar 2009 (December)
Oran, Algeria 2010 (April)
Doha, Qatar 2010 (December)
Cairo, Egypt 2011 (June)
Doha, Qatar 2011 (November)
2012
Tehran, Iran[9] 2013
Doha, Qatar 2014
The GECF has had ministerial meetings since 2001:

Ministerial meetings

The highest body of the GECF is a ministerial meeting. In between of ministerial meetings, the work is organized through the Secretariat, headquartered in Doha, Qatar. The 2009 chairman of the GECF was Abdullah bin Hamad Al Attiyah and the vice chairman was Chakib Khelil.[4][5] The Secretary-General is Leonid Bokhanovsky.[7]

Organizational structure

  • to foster the concept of mutuality of interests by favoring dialogue between producers, between producers and consumers and between governments and energy-related industries;
  • to provide a platform to promote study and exchange of views;
  • to promote a stable and transparent energy market.

The objectives of the GECF are:

Objectives

In 2013, GECF ministers elected Iran’s candidate Mohammad-Hossein Adeli, a former head of central bank and diplomat, as the new Secretary-General of the forum for the next two years. [8] He was re-elected at the thirteenth ministerial meeting in December 2011.[7] was elected as Secretary-General.Leonid Bokhanovsky Stroytransgaz On the ninth ministerial meeting in December 2009, the vice-president of Russian energy engineering and construction company [6][5][4] was elected as vice-chairman.Chakib Khelil was elected as the chairman (president) of the GECF and Algerian energy minister Abdullah bin Hamad Al Attiyah. On the eighth ministerial meeting in June 2009, energy minister of Qatar Qatar, Doha At the same time, it was decided to set up an Executive Office and a Secretariat in [3]

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