He said advancement of technology has paved the ground for exports of gas to all markets around the world noting that the blue fuel not only has positive impact on environment but it is an efficient and cost-effective source of energy. 

Al-Rumhy said the gas market is facing various challenges in view of security and sustainability including plunging LNG prices by two thirds in the markets.

GECF, he added, “is expected to find a way out of current problems and convey an alarming message to other international energy organizations.”

GECF is the intergovernmental forum 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.