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Kazakhstan received status of observer in GECF

Almaty. December 24. Kazakhstan Today - Kazakhstan has received the status of observer in Gas Exporting Countries Forum (GECF), the agency reports citing newspaper Kommersant. The session participants made the decision on joining GECF by the Equatorial Guinea that was the observer of the organization. The place of the organization of CECF headquarters has been selected Doha (Qatar). According to RosBusinessConsulting, GECF Secretary General will be elected at the next session. The Executive Council for GECF administrative affairs and secretariat for technical and organizational maintenance of the work of the forum, which will be headed by the Secretary General. The participants of the Gas Exporting Countries Forum (GECF) passed the organization charter, having given to informal association the status of the permanent organization. Its members, according to the Minister of Energy of Russia, Sergey Shmatko, will co-ordinate all main directions of the activity in gas sphere. The main direction of the work of the organization will be development of the new mechanism of pricing in the gas market. The new organization will need to make the gas market more transparent and its suppliers and consumers more responsible. The Gas Exporting Countries Forum (GECF) gathered for the first time in 2001 in Teheran. Algeria, Bolivia, Brunei, Venezuela, Egypt, Indonesia, Iran, Qatar, Libya, Malaysia, Nigeria, Norway (observer), the United Arab Emirates, Russia, Trinidad, and Tobago regularly take part in the forum. The countries, participating in the forum, extract about 40 % of all world gas and 70 % of its world's reserves.

Resourse: Kazakhstan Today

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