OPEC, IEF chiefs in Tehran to attend gas summit

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On November 23, 2015, Posted by , In News, With No Comments

Secretary generals of the Organization of Petroleum Exporting Countries (OPEC) Abadallah El-Badri and the International Energy Forum (IEF) Aldo Flores-Quiroga arrived here on Sunday to take part in the summit meeting of the Gas Exporting Countries Forum (GECF) on Monday.

Previous GECF gas summit meetings were held in Qatar in 2011 and in Moscow in 2013. In the run-up to the summit, the ministerial and expert-level meetings were held in the last two days in Tehran preparing the documents for the approval of the forum’s leaders, according to the Ministry of Petroleum.
GECF is the gathering of the world’s leading gas producers that provides a framework for exchange of experience, views, information and data, as well as coordination in gas related developments among member countries.
It consists of 19 main and observer members with its permanent secretariat based in Doha, Qatar.
Russia, Iran, Qatar, Algeria, Bolivia, Egypt, Equatorial Guinea, Libya, Nigeria, Trinidad and Tobago, Venezuela, and the United Arab Emirates, are main members of the gas exporting body. Observer countries are the Netherlands, Iraq, Oman, Azerbaijan, Peru, Kazakhstan and Norway.
GECF members account for 42 percent of global gas output, 70 percent of global gas reserves, 40 percent of pipe gas transmission, and 65 percent of global trade of Liquefied Natural Gas (LNG).


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