Ministerial Meeting of Gas Exporting Countries Starts in Tehran

News ID: 182160 Service: Economy
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TEHRAN (Tasnim) – The 15th ministerial meeting of Gas Exporting Countries Forum (GECF) started today in Tehran, with representatives from 13 member states and four observer countries in attendance.

GECF’s financial and administrative issues, approval of the next year budget, electing the Forum’s secretary general and discussion of reports on the forum's  performance this year are the most important topics on the agenda of the 15th ministerial meeting.

The forum is a multi-layered and an intergovernmental organization of the world's leading natural gas producers comprising Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Oman, Qatar, Russia, Trinidad and Tobago, United Arab Emirates and Venezuela.

Kazakhstan, Iraq, the Netherlands and Norway have the status of observer members.

GECF is a gathering of the world's leading gas producers and was set up as international governmental organization with the objective to increase the level of coordination and strengthen the collaboration among member countries. It also seeks to build a mechanism for a more meaningful dialogue between gas producers and gas consumers for the sake of stability and security of supply and demand in global natural gas markets.

With the current number of Members the GECF has a strong position on the world gas market and among international energy organizations. Its potential rests on the enormous natural gas reserves of the member countries, which account for 62% of the world proved natural gas reserves.

The first GECF summit meeting was held in the Qatari capital of Doha on November 15, 2011.

The GECF was founded in 2001 in Tehran.

The legal establishment of the forum took place on December 2008 in Moscow, where energy ministers of member states adopted the forum's charter and signed an intergovernmental agreement.

 

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