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."

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