Presidents of Iraq, Turkmenistan, Equatorial Guinea, Bolivia, Nigeria, and Venezuela and prime minister of Algeria are in Tehran, and Russian president is due to arrive for the summit which is scheduled to open in the afternoon.
In the meantime, Iranian officials along with the Secretariat of the Gas Exporting Countries Forum (GECF) finished final touches on the arrangements to convene the inter-governmental body’s summit.
Previous GECF gas summits were held in Qatar in 2011 and in Moscow in 2013. In the run-up to the summit, the ministerial and expert-level meetings were held in the last two days in Tehran preparing the documents for the approval of the forum’s leaders.
The ministerial events discussed the global gas market report presented by the Secretariat including recent developments in the world economy, natural gas demand, challenges and competition from other fuel sources and other exporters. The report also discussed the position of GECF on the global gas trade by pipeline and LNG, and the important role of GECF in gas supply. The development of conventional and unconventional natural gas supply and evolution of natural gas price trends was also discussed in the Secretariat’s report.
GECF Secretary General Mohammad Hossein Adeli, who was re-elected for a second two-year term, presented the report of the two TEC meetings held during 2015, the progress report about the completion of the Global Gas Model as well as the Outlook and the perspective of the market up to 2040 and the market trends in the medium and long terms. A progress report about development and preparation of the long term strategy was also submitted to the Ministers.
The meeting approved the Republic of Azerbaijan as the new Observer Member of the GECF.
GECF is the gathering of the world’s leading gas producers that provides a framework for exchange of experience, views, information and data, as well as coordination in gas related developments among member countries.
Russia, Iran, Qatar, Algeria, Bolivia, Egypt, Equatorial Guinea, Libya, Nigeria, Trinidad and Tobago, Venezuela, and the United Arab Emirates, are main members of the gas exporting body. Observer countries are the Netherlands, Iraq, Oman, Azerbaijan, Peru, Kazakhstan and Norway.
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