Research and Markets: Collective Strength of the Gas Exporting Countries Forum - GECF - Leading to Concerns by Gas Importers that GECF has Potential to Evolve into a Gas Version of OPEC.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c20673) has announced the addition of Gas Exporting Countries Forum The Gas Exporting Countries Forum (GECF) is an organization of world's leading gas producers, which was established in Tehran in 2001. The aims of the GECF are:
The Gas Exporting Countries Forum (GECF GECF Gas Exporting Countries Forum GECF General Electric Consumer Finance ) is an informally structured group of some of the worlds leading gas producers aimed at representing and promoting their mutual interests. Collectively the GECF controls 73% of the world's gas reserves and 41% of production. This collective strength has lead to concerns by gas importers that the GECF has the potential to evolve into a gas version of OPEC OPEC: see Organization of Petroleum Exporting Countries. OPEC in full Organization of the Petroleum Exporting Countries Multinational organization established in 1960 to coordinate the petroleum production and export policies of its . This report includes an analysis of the key issues arising form each of the GECFs five annual ministerial meetings. The collective strength and market control of the GECF is analyzed in the context of its changing membership structure. The differing and divergent agendas and motivations of individual GECF members are highlighted Membership has fluctuated since the GECFs formation in 2001 and currently consists of Algeria, Bolivia, Brunei, Egypt, Indonesia, Iran, Libya, Malaysia, Nigeria, Norway (as an observer), Oman, Qatar, Russia, Trinidad & Tobago, the UAE (Uninterruptible Application Error) The name given to a crash in Windows 3.0. In subsequent versions of Windows, a crash was called a "General Protection Fault," "Application Error" or "Illegal Operation." See crash in Windows and abend. and Venezuela. Together these countries account for 73% of global gas reserves and 41% of production. Despite being united by a common role as gas producers, the GECF members have very different agendas. So far these differences have presented little problem other than occasionally diverging di·verge v. di·verged, di·verg·ing, di·verg·es v.intr. 1. To go or extend in different directions from a common point; branch out. 2. To differ, as in opinion or manner. 3. rhetoric, though potential exists for more significant and divisive differences of opinion if the GECF evolves into a more structured organization. With this report you can gain an insight into the key issues arising from each GECF meeting. The report analyzes the potential for the GECF to cartelize car·tel·ize tr. & intr.v. car·tel·ized, car·tel·iz·ing, car·tel·iz·es To form as or become a cartel. car the global gas market and provides an overview of the differing motivations and agendas of the GECF members. For more information visit http://www.researchandmarkets.com/reports/c20673 |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion