The 4th Gas Exporting Countries Forum Summit kicks off in Bolivia
GECF members together control 67% of the world’s natural gas reserves. The members include Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Russia, Trinidad and Tobago, UAE and Venezuela. Kazakhstan, The Netherlands, Iraq, Oman, Peru and Norway are observers.
Minister of Energy Alexander Novak represents Russia at the GECF Summit. He said that 2017 has been a busy year for the GECF. “The decisions made at the 19th Ministerial Meeting in Moscow laid the foundations for the Forum’s development for years to come”, he added.
The head of Russia’s delegation presented the outlook for the Forum’s development: “In the current market situation, GECF faces the task of arguing for maximizing use of natural gas as the cleanest, most affordable and modern of fossil fuels”.
GECF summits take place bi-annually, while ministerial meetings are convened each year. This year, a ministerial meeting took place on 4 October in Moscow as part of the Russian Energy Week. The 19th Ministerial Meeting elected Russia’s Deputy Energy Minister Yuri Sentyurin as GECF Secretary-General, replacing Iran’s Mohammad Hossein Adeli.
Sources: RIA Novosti https://ria.ru/world/20171121/1509199066.html
Ministry of Energy of the Russian Federation https://minenergo.gov.ru/node/9915
Minister of Energy of the United Arab Emirates Suhail Al Mazroui has confirmed he will take part Russian Energy Week (REW), which will be held on 3–7 October 2017.
OPEC Secretary General Mohammad Barkindo has confirmed that he will participate in Russian Energy Week 2017. The cartel head is to take part in one of the key discussions on the Forum business agenda focusing on world oil market stabilization.
The Russian Ministry of Energy has published a ‘Concept for the Development of the Market for Electricity Storage Systems in the Russian Federation’. The document aims to identify the priorities for the creation of a new high-tech branch of electricity storage systems in Russia.