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Russia, Iran, Qatar Agree on Gas OPEC
Qatar, Iran and Russia have agreed on the conditions for the creation of a “gas OPEC,” announced Iranian Oil Minister Gholamhossein Nozari, after negotiations with the Qatari energy minister and Gazprom head Alexey Miller. “We made important decisions during the meeting. There is a demand to creat a ‘gaz OPEC’ and now an agreement has been reached on its creation,” Nozari said.
Iran first proposed the creation of a “gas OPEC.” It has the second largest reserves of natural gas in the world. Russia supported Teheran’s proposal. It has the largest reserves of natural gas and is the largest exporter of the fuel. Venezuela also expressed interest in creating a cartel, as did various Arab League countries, such as Bahrain, Oman, Kuwait, Qatar, Saudi Arabia, and the United Arab Emirates. Russia, Iran, Qatar, Venezuela, Nigeria and Algeria have already met several times as an informal club.
The United States and European Union have opposed the creation of a “gas OPEC.” They say a cartel would threaten the energy security of the whole world and lead to price manipulation.
www.kommersant.com
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