Leading gas producers plan Opec-like body
Gulf Times – 29 February, 2008
www.gulfinthemedia.com/index.php?id=384523&news_type=Economy&lang=en
World’s leading gas producers are holding consultations on the creation of
an Opec-like gas organisation, just as crude oil surged to a record of $ 102
per barrel due to factors ranging from cold weather in Europe and the US as
well as Opec president’s views that the group will not raise output at its
next week meeting.
Although Nigeria has abundant natural gas yet to be explored, it is not
immediately known whether the country is a party to the said move.
But Iranian Ambassador to Russia, Gholamreza Ansari in an interview with
Interfax yesterday said that Tehran views the moves in a positive manner.
Algeria, Iran, Qatar and Russia are holding consultations on the creation of
an Opec-like gas structure, with the structure of the organisation being the
main topic on the agenda.
