Business | Oil & Gas
Opec-style gas group talks in June
Gas producing countries will discuss the possible creation of a group on the lines of the Organisation of Petroleum Exporting Countries (Opec) when they meet in June and gas prices should be at full parity to those of oil, Qatar's energy minister said on Friday.
- Reuters
- Published: 00:19 January 26, 2008
Davos: Gas producing countries will discuss the possible creation of a group on the lines of the Organisation of Petroleum Exporting Countries (Opec) when they meet in June and gas prices should be at full parity to those of oil, Qatar's energy minister said on Friday.
Abdullah Al Attiyah said at least 14 countries would gather in Moscow but it was too soon to say whether a structure like the would be set up.
"It's too early - I have no comment yet," said Al Attiyah, whose country holds the world's third biggest natural gas reserves.
"In Moscow we will discuss it, in June." Major gas exporters have met informally for several years at the annual Gas Exporting Countries Forum, widely seen as a talking shop.
Iran, which holds the world's second-biggest gas reserves, wants to turn the forum into a more formal organisation akin to crude exporters' group.
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