Iran, Russia, Qatar agreed to prevent gas prices from falling

Photo: Iran, Russia, Qatar agreed to prevent gas prices from falling / Iran

Azerbaijan, Baku, Aug.2/ Trend N. Umid, S. Isayev

The Gas troika of Iran, Russia and Qatar have agreed on stabilizing the gas prices, and preventing them from falling, Mehr news agency quoted Iranian Deputy Oil minister Javad Owji as saying.

According to Mehr, the troika achieved the agreement during the second summit of the Gas Exporting Countries Forum (GECF) which held in Moscow in July.

Owji also said that unconventional gas production is a "showcase", adding that, Iran and other big gas exporters are not concerned about it.

The cartel of key gas exporters created de-facto by Iran, Russia, and Qatar has approximately 60 percent of world gas reserves.

It should be recalled that gas price has decreased sharply due to US achievement on unconventional gas production technology, Mehr reported.

The agency further says that for the being time US doesn't need gas and LNG imports.

It also predicted that this country would export gas to Japan and Asian markets in new future.

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