|GECF Executive Board Meeting to convene in Doha||
TEHRAN – The 19th Executive Board Meeting of the Gas Exporting Countries Forum (GECF) will be held today in Doha, Qatar.
GECF is an intergovernmental organization of the world’s top natural gas producers.
Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Oman, Qatar, Russia, Trinidad and Tobago, the United Arab Emirates, and Venezuela are the GECF member countries. Kazakhstan, Iraq, the Netherlands, and Norway have the status of observer members.
GECF, which enjoys a strong position in the world gas market, was established with the objective of building a more meaningful dialogue between gas producers and gas consumers in an effort to protect stability and security of supply and demand in global natural gas markets.
In 2013, GECF ministers elected Iran’s candidate Mohammad-Hossein Adeli, a former head of central bank and diplomat, as the new secretary general of the forum for the next two years.
Iran still possesses the world’s largest proven natural gas reserves, at 33.8 trillion cubic meters — or 18.2 percent of the world’s total proven reserves — according to a BP report published earlier this week, up from 33.6 trillion cubic meters at the end of 2012, when it overtook Russia.
BP’s “Statistical Review of World Energy” also showed that despite holding the world’s largest reserves, Iran only accounted for 0.5 percent of global natural gas production, at 166.6 billion cubic meters, in 2013.
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