Russia, Iran, Qatar hold two third of world’s gas reserves: GECF sec. gen.
Azerbaijan, Baku, Nov.1 / Trend F.Milad/
The secretary general of the Gas Exporting Countries Forum (GECF) has said Russia, Iran and Qatar all together hold two third of the world's gas reserves.
Speaking at an international conference on oil and gas industry in Tehran on Tuesday, GECF secretary general Leonid Bokhanovskiy, noted that the forum has a special look on Iran due to its significant hydrocarbon reserves.
GECF is a gathering of the world's leading gas producers aimed at representing and promoting their mutual interests.
GECF includes eleven member countries while three other states attend the meeting as observers.
The member countries, namely Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Russia Federation, Trinidad and Tobago and Venezuela, hold 42 percent of the global gas production, 70 percent of the world gas reserves, 38 percent of gas pipelines and 85 percent of LNG trade. Kazakhstan, Norway, and Netherlands are the observer members.