Gas Exporting Countries' 15th ministerial meeting starts in Tehran

Photo: Gas Exporting Countries' 15th ministerial meeting starts in Tehran / Oil&Gas

Azerbaijan, Baku, Nov. 3 /Trend N. Umid/

15th ministerial meeting of the Gas Exporting Countries Forum (GECF) has started on November 3, in Iran's capital city of Tehran, ISNA news agency reported.

GECF`s financial and administrative issues as well as budget for 2014 are scheduled to be discussed during the meeting.

The forum is a multi-layered and an intergovernmental organization of the world's leading natural gas producers comprising Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Oman, Qatar, Russia, Trinidad and Tobago, United Arab Emirates and Venezuela.

Kazakhstan, Iraq, the Netherlands and Norway have the status of observer members.

The first GECF summit meeting was held in the Qatari capital of Doha on November 15, 2011.

The GECF was founded in 2001 in Tehran, and its member states control over 70 percent of the world's natural gas reserves as well as more than 80 percent of the Liquefied Natural Gas (LNG) production.

The legal establishment of the forum took place on December 2008 in Moscow, where energy ministers of member states adopted the forum's charter and signed an intergovernmental agreement.

Tehran will also host the third summit of the Gas Exporting Countries Forum (GECF). The second summit of the GECF was held in Moscow in July.

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