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 .


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Contract Administrator
Expertise: Contracts Administration
Location: Chesapeake, VA
Logistics Coordinator & Optimization Analyst
Expertise: Logistics Management
Location: Billings, MT
Associate Category Manager or Category Manager Job
Expertise: Logistics Management|Purchasing|Supply Chain Management
Location: Denver, CO
search for more jobs

Brent Crude Oil : $50.79/BBL 1.30%
Light Crude Oil : $49.96/BBL 1.10%
Natural Gas : $2.77/MMBtu 2.12%
Updated in last 24 hours