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post #1 of 2 (permalink) Old 04-08-2007, 10:02 PM Thread Starter
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How many of you heat your house with Gas?

Gas exporters back OPEC-style cartel

VENEZUELA and Iran have said that they strongly backed the formation of an OPEC-like cartel for the natural gas exporting countries, saying this would defend their interests.
"We are here to support gas OPEC. Its a very good idea ... Its very important for (gas) producers to have some agreement," Venezuelan Energy Minister Rafael Ramirez said overnight.
"We are here to discuss the issue ... That kind of organisation has to be prepared," Ramirez said on arrival in Doha to attend a two-day meeting for the Gas Exporting Countries Forum (GECF) opening today.
Iranian Oil Minister Kazem Vaziri Hamaneh said he believed that forming a cartel would strengthen the forum. "We also think that if the forum moves in that direction (forming a cartel), it will strengthen the forum," the Iranian minister said.
Mr Hamaneh said other ministers of the forum were "favourable" to the idea.
Both ministers however said it was still unclear whether the cartel would be announced during this meeting. Mr Ramirez also shrugged off opposition from Western nations to such a cartel.
"Consumer countries are always against our interests. We are trying to defend our interests," he said.
Egyptian Energy Minister Sameh Fahmi earlier told reporters his country opposed the formation of a gas cartel, saying the world is not prepared for the formation of a new energy organisation.
GCEF, a loose grouping of gas producers and exporters, was founded in 2001 and has 15 members, including Russia, Iran and Qatar, the world's top gas countries in terms of reserves.

Gas exporters back OPEC-style cartel | NEWS.com.au Business
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post #2 of 2 (permalink) Old 04-08-2007, 11:28 PM
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