Azerbaijan, Baku, July.1 / Trend R.Zamanov /
Addressing the Second Summit of the Gas Exporting Countries Forum in Moscow, the Iranian President Mahmoud Ahmadinejad said that it's not fair to see natural gas buyers make more profit than exporting countries.
"We don't want more than what we should get. Fair pricing and distribution of fossil fuels especially natural gas can help eliminate global inequality, opportunism, and dominance," Ahmadinejad said, the ISNA News Agency reported.
"Some countries are trying to impose their decisions on the global market through unilateral sanctions and political pressure," he said.
Ahmadinejad went on to note that the only way to end this monopoly is for natural gas exporters to administer a fair price mechanism.
He further said that exchanging technical know-how, and expanding cooperation and joint ventures will also help.
The second summit of the Gas Exporting Countries Forum (GECF) is currently being held in the Russian capital, Moscow.
Iran is selected to host the forum's third summit The proposal to host the event was made by Iranian Oil Minister Rostam Qasemi at the GECF ministerial meeting in Moscow.
Qasemi arrived in Moscow on Friday, heading a high-ranking delegation, to attend the GECF ministerial meeting ahead of the Gas Exporting Countries Forum (GECF) is an intergovernmental organization of 11 of the world's leading natural gas producers made up of Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Russia, Trinidad and Tobago and Venezuela.
GECF members together control over 70% of the world's natural gas reserves, 38% of the pipeline trade and 85% of the liquefied natural gas (LNG) production.
The three largest reserve-holders in the GECF - Russia, Iran and Qatar - together hold about 57% of global gas reserves.
The GECF was established in Tehran, Iran, in 2001.