News // Oil and gas worldwide
A Draft Charter for Gas-OPEC
17 November 2008 , 10:03663
The new charter is expected to help the largely informal alliance into a more formal organization, which could resemble the Organization of Petroleum Exporting Countries.
The OPEC-style grouping should become a permanent body, holding regular meetings to discuss key developments in the gas markets, and could include other countries besides Russia, Iran and Quatar ("gas troika") later on.
This information made the European Union and the United States nervous, becuase they are afraid that "OGEC" (Organization of Gas Exporting Countries) would manipulate with the gas prices.
But Europe's top suppliers, apart from Russia, argue that the new organization would help better structure long-term gas needs and coordinate capital expenditure programs.
10:30 16.10.2017Growing friendship: PM lauds Pakistan-Russia economic cooperation
00:04 16.10.2017Denmark readies law to block Nord Stream 2, Russia has a backup plan
16:13 12.10.2017Lukoil Boss: Sanctions against Russia may last at least a decade
14:11 12.10.2017SOCAR reveals volume of oil transit through Russia in 2018
12:09 12.10.2017Serbia's NIS starts processing oil from Russia's Novy Port field
16:28 11.10.2017Petrochemical and Refining Congress Russia and CIS