Gas ex­porters look­ing to OPEC-style fo­rum

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NAT­U­RAL-GAS ex­porters in­clud­ing Rus­sia, Iran and Qatar will gather in June in Moscow to dis­cuss set­ting up an OPEC-style group of pro­ducer coun­tries, Al­ge­rian en­ergy min­is­ter Chakib Khelil says. ‘‘ The idea isn’t clear yet; we’re go­ing to meet to de­velop the idea of an as­so­ci­a­tion’’ of gas ex­porters, Khelil says.

The In­ter­na­tional En­ergy Agency, a pol­icy ad­viser to 27 en­er­gy­im­port­ing coun­tries, last month said the cre­ation of a gas group would in­di­cate a will to con­trol prices in a sim­i­lar way to the Or­gan­i­sa­tion of Pe­tro­leum Ex­port­ing Coun­tries.

The Gas Ex­port­ing Coun­tries Fo­rum agreed at a Qatar meet­ing last April to set up a com­mit­tee of ex­perts to study the pos­si­bil­ity of form­ing an of­fi­cial group. The fo­rum, es­tab­lished in Tehran in 2001, has no for­mal mem­ber­ship but coun­tries that have at­tended in­clude Rus­sia, Iran and Qatar, the hold­ers of the world’s big­gest re­serves. Other at­ten­dees in­clude Al­ge­ria, Bo­livia, Brunei, Egypt, Equa­to­rial Guinea, In­done­sia, Libya, Malaysia, Nige­ria, Oman, Trinidad and Tobago, Turk­menistan, the United Arab Emi­rates and Venezuela. Bloomberg

Need for as­so­ci­a­tion: Al­ge­ria’s Chakib Khelil

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