Gas exporting countries adopt no decision on price policy — Russian energy minister

DOHA, December 16. /TASS/. The member-states of the Gas Exporting Countries Forum (GECF) failed to adopt any joint decisions on Tuesday after discussing the gas price situation, Russian Energy Minister Alexander Novak has said.

“Of course, we discussed the current situation over prices, but only in the way of monitoring. No decisions on any actions were discussed. We have no such targets and goals,” Novak told TASS.

The participants discussed a study which analyzed the situation on the gas markets, taking into consideration that the gas prices depend on oil prices on many long-term contracts.

Chairman of the Gazprom Board of Directors Viktor Zubkov said on Monday Russia planned to discuss the situation over gas and oil prices with the member-states of the group.

“We will consider the current situation, there is no avoiding oil and gas prices, because the gas price depends on the price for oil. These issues will also be in the focus of participants in the forum,” he told journalists before leaving for Qatar.

Headquartered in Doha, Qatar, the Gas Exporting Countries Forum, a gathering of owners of 73% of the global gas reserves who account for 42% of global gas production, was initiated by Iran in 2001

http://itar-tass.com/en/economy/767236

Alison-Madueke emerges President of Gas exporting countries

NIGERIAN Minister of Petroleum Resources, Mrs Diezani Alison-Madueke has been elected the President of Gas Exporting Countries Forum (GECF).

Just like OPEC, Mrs Alison-Madueke is the first female President of the forum.

A statement by the Group General Manager, Group Public Affairs Division of the Nigerian National Petroleum Corporation (NNPC), Ohi Alegbe in Abuja Tuesday said the appointment was announced Tuesday in Doha, Qatar, at the ongoing 16th Ministerial Conference of the GECF.

Alegbe said Mrs. Alison-Madueke who could not attend the meeting because of her involvement in the on-going negotiations to end the oil workers’ strike was represented at the meeting by the Nigerian Ambassador to Qatar, His Excellency Shuaibu Ahmed.

http://www.ngrguardiannews.com/news/national-news/190500-alison-madueke-emerges-president-of-gas-exporting-countries