There are good chances that Iraq, Kazakhstan and Azerbaijan can become a full member of the Gas Exporting Countries Forum (GECF). This was announced by the General Secretary of the forum Yuri Sentyurin.
He noted that he plans to work with those countries that are observers: "I hope to convince them to increase their level of participation in the organization."
Yuri Sentyurin explained that the structure of suppliers and consumers in the world natural gas market has changed in recent years, including through the development of LNG, which allowed a significant number of new countries to enter the natural gas market as suppliers.
"In my opinion, the regions of Africa, and also of South-East and Central Asia are of greatest interest for expanding the geography of the GECF's presence. Of course, this will require careful elaboration with each specific country and we can not speak about a specific list of candidates, but talking offhand, such states as Angola, Indonesia, Turkmenistan, Uzbekistan and Malaysia come to mind. An important criterion for the search for potential members should be their status of netto-gas exporters, which will keep the forum's ability to get coordinated decisions on acute issues”, the Secretary General was quoted by Trend.
The forum includes 12 gas-exporting countries, such as Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Russia, Trinidad and Tobago, Venezuela and the United Arab Emirates, as well as seven observer countries - Azerbaijan, Kazakhstan, Netherlands, Norway, Iraq, Oman and Peru.
The GECF was founded in 2001 in Tehran and was established legally on December 23, 2008 in Moscow, where the energy ministers of the participating countries adopted the forum charter and signed an intergovernmental agreement. The GECF member countries account for 42% of the world's gas production and 70% of its world reserves.