Syrian Oil and Gaz News

Putin says that the era of cheap gas is nearing its end … and gas-exporting countries adopt the Qatar-based Forum

Russian Premier Vladimir Putin said that the era of cheap gas is nearing its end, due to the depletion of a large number of gas fields and the high costs of exploration, extraction and transportation. For his part, Russian Energy Minister Sergei Shmatko said that the Gas Exporting Countries Forum adopted the Charter of the new gas exporting countries that the Forum would have its headquarters in Qatar.

 

This came in Putin’s speech at the opening meeting of energy ministers of the 12 countries exporting gas in Moscow on 23rd December .

 
Putin said that the consequences of the global financial crisis reflected negatively on the gas industry, and their impact in this area a stronger influence in the oil industry .. Putin said that gas prices linked to oil prices but gas industry needs more time to deal with damage resulting from fluctuations in oil prices.

 
Putin called the participants during the meeting to turn the Forum of Gas Exporting Countries to a permanent Organization and open of headquarter in the city of St. Petersburg, Russia. He expressed Russia’s readiness to pay all expenses relating to actively headquarters and grant him diplomatic facility.

 
Putin noted the need to develop dialogue between the gas producers, expressing his belief that the forum of gas exporting countries will become one of the main instruments in this dialogue. He emphasized that the activity of the Forum fully compatible with international laws.

 
The Russian Prime Minister to adopt “rules of play” long-term gas market to enable gas producers to develop investment plans.

 
As the Minister of Energy and Industry, the country’s intention to increase the production of liquefied gas to 8 .7 million tons in two years. While calling the Iranian oil minister Forum participants to cooperate with the Gulf countries to reduce the expenses of clover and expand gas production.

 
Principles of the new gas exporters

 
Representatives of Venezuela and Bolivia that are at the basis of the new organization principles upon which the Organization of Petroleum Exporting Countries.

 
The minister said Venezuelan Energy and Oil Rafael Ramirez that the identification tools for coordination between gas exporters will help countries to avoid competition among them and contribute to the stability of gas prices at the fair.

 
For his part, Minister of Energy announced Bolivian Saul Avalos that his country does not want to sell gas to contribute to the welfare of some countries that seek to control the world.

 
The representative of the Egyptian Ministry of Oil suggested that the next Forum meeting in Egypt.
The Energy Minister Sergei Shmatko that cooperation between gas exporting countries is not directed against other countries, but is aimed at providing security and stability for all market participants gas exporters and importers alike.

 
Announced that First Deputy Prime management company “Gazprom” Russian Alexander Medvedev that the Organization of Gas Exporting Countries will not be an organization similar to OPEC. He denied a link between the founding of the organization and lower natural gas prices in the world.

 
And Russia, Iran and Qatar, which owns 60 percent of gas reserves in the world announced at the end of October the founding of the “troika” to activate gathering
Without becoming an exporter of gas to the cartel.

 
Consumer nations are worried that the gas allows the creation of an organization of gas exporting countries like OPEC countries to agree on pricing of gas or influence on
Least.