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Secretary General of the GECF “The Role of the Gas Exporting Countries Forum in Global Energy Security”. RPGC 2010 Moscow, June 22, 2010. Gas Exporting Countries Forum.
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Secretary General of the GECF“The Role of the Gas Exporting Countries Forumin Global Energy Security” RPGC 2010 Moscow, June 22, 2010
Gas Exporting Countries Forum • 11 members of the Forum: Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Russia, Trinidad & Tobago and Venezuela. • 3 observers: Kazakhstan, Netherlands and Norway • Headquarters located in Doha, State of Qatar 2
Mission • To exploit and manage natural gas reserves for the benefit of their nations; • To promote integration of the gas market and its stability; • To protect the sovereign rights of Member-Countries over their natural gas reserves • Independently plan and provide for sustainable and effective ecologically friendly development. 3
FallinGasDemand Source: Wood Mackenzie, IEA 4
CurrentMarketChallenges • Slow recovery of the gas market • Lower investments in gas production due to uncertainties • Oversupply • Competition from unconventional sources • Lower spot prices in USA and Europe decoupled from oil prices 5
GAS IN ENERGY BALANCE Source: IEA 6
NaturalGasCompetitiveEdge * Conventional and shale gas 7
Commonaspirations Gas Markets Stability Prices Prices Supplies Sales Markets 8
CoordinationforTransparentDataFlow Gas Data Reliableinformation Database Gas market analysis and prognosis Gasmarketmodelling Gasmarketcoordination 9
DataExchange • Establish close cooperation with international energy organizations to work jointly on gas data reporting mechanisms • Launch reliable database on gas • Provide data on monthly basis 10
ResearchActivity • Launch of in-house research centre • Gas market model installation • Publishing of market research and outlooks 11