GECF Meets in Tehran to Discuss New Regulatory Commission

The Gas Exporting Countries Forum, a group of natural gas producing countries, will meet April 28 in Tehran, Iran to discuss the formation of a regulatory group similar to OPEC, reported FARS News agency.

"Regarding the gas OPEC, we have pursued that with the Russian side and other concerned countries, and it will also be examined in [the April 28] meeting," Iranian Foreign Ministry Spokesperson Seyed Mohammad Ali Hosseini told reporters.

Russia and Iran have the largest and second-largest reserves, respectively.

Fars reported that the United States and the European Union fear that an OPEC-like institution "would endanger global energy security and make room for price manipulation."

We want to hear from you. Questions, opinions and suggestions are all welcomed by the Rigzone Staff. Write us at news@rigzone.com .

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
United States Houston: Senior Production Group Leader
Expertise: Logistics Management|Manufacturing Engineering|Supply Chain Management
Location: Houston, TX
 
US Houston: Attorney (Environmental Law)
Expertise: Environmental Engineer|Legal
Location: Houston, TX
 
United States Conroe: Production Group Leader
Expertise: Logistics Management|Materials Management |Supply Chain Management
Location: Conroe, TX
 
search for more jobs

Brent Crude Oil : $52.96/BBL 1.03%
Light Crude Oil : $50.35/BBL 1.69%
Natural Gas : $3.19/MMBtu 0.63%
Updated in last 24 hours