Gas Exporters Convene In Qatar, Gas Cartel Distant

Armen Hareyan's picture

Representatives of the world's leading natural-gas exporting states have opened a two-day meeting in Qatar to discuss ways to cooperate more closely.

Energy ministers from the Gas Exporting Countries Forum (GECF) countries have denied reports that discussions could include proposals to form a gas cartel similar to OPEC (Organization of Petroleum Exporting Countries).

"I hate the name 'cartel.' We are not a cartel," Qatari Oil Minister Abdullah al-Attiyah, who is also a former head of OPEC, said participating countries are in Doha to "consider our interests."

The GECF is a loose affiliation of 16 countries who control more than 70 percent of the world's gas reserves. Participants include Russia, Iran, Turkmenistan, Venezuela, Qatar, and Algeria. It was launched in Tehran in 1991.

Russian President Vladimir Putin floated the idea of a gas cartel in 2002, before retreating under criticism from Western energy companies.

On February 1, Putin told an annual press conference that "we're already trying to coordinate our actions in the markets of third countries," adding that "we also intend to do it in future. He then softened his tone, saying Moscow supports "coordination" but not the "creation of some kind of cartel."

The Russian daily "Kommersant" reported on March 19 that an agreement on forming such a "cartel" was reached in mid-March and would be signed at this week's Doha meeting.

European Union leaders have reportedly begun considering ways to respond if the group were to seek coordination of gas output and control of prices.

Copyright (c) 2007. RFE/RL, Inc. Reprinted with the permission of Radio Free Europe/Radio Liberty, 1201 Connecticut Ave., N.W. Washington DC 20036.

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