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News // Oil and gas worldwide

Results of GECF

24 December 2008 , 10:51Ksenia Kochneva1401
With Prime Minister Vladimir Putin presiding, energy ministers from 12 gas exporting countries, many of them OPEC members, agreed to transform an existing gas forum that they said could benefit consumers and would not control output or prices.

The gas group was created out of an existing informal club called the Gas Exporting Countries Forum (GECF), which includes 16 states such as Algeria, Iran, Qatar, Venezuela, Indonesia, Nigeria and others.

The group, which some have likened to the Organization of Petroleum Exporting Countries, will be called the Forum of Gas Exporting Countries and will be headquartered in Doha, Qatar.

Russia's Energy Minister Sergei Shmatko told a closing news conference the ministers had agreed on a charter that made GECF a more formal organisation and chose Doha as the headquarters.

Russia had earlier proposed its second largest city of St Petersburg as the headquarters and Shmatko did not say why delegates endorsed the last-minute proposal of Qatar.

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