Moscow to form the Gas Exporting Countries Forum. The new cartel will include the world’s leading five natural gas producers, Russia, Iran, Qatar, Venezuela and Algeria, which control two thirds of the world’s reserves and 42% of total production. Russia, Iran and Venezuela are firmly in the anti-West camp. “Gas OPEC” will be headquartered…
MARKETS: Russia leads 16 natural gas producing countries to form cartel
Posted on December 29, 2008 by EnergyAsia