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GECF ministerial meeting convenes to prop up gas prices


GECF ministerial meeting convenes to prop up gas prices



The 16th ministerial meeting of the Gas Exporting Countries Forum (GECF) was held on Tuesday in the Qatari capital Doha, discussing ways to prop up natural gas market prices, which have dropped sharply in the wake of falling oil prices.

GECF is an intergovernmental organization of the world’s top natural gas producers.

The member countries of the Forum are: Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Russia, Trinidad and Tobago, United Arab Emirates and Venezuela. Kazakhstan, Iraq, the Netherlands, Norway and Oman have the status of observer members.

GECF, which enjoys a strong position in the world gas market, was established with the objective of building a more meaningful dialogue between gas producers and gas consumers in an effort to protect stability and security of supply and demand in global natural gas markets.

In 2013, GECF ministers elected Iran’s candidate Mohammad Hossein Adeli, a former governor of central bank and diplomat, as the new secretary general of the forum for the next two years.