Iran to host meeting of gas exporting countries’ ministers

October 29, 2013 | Government & Regulations, Middle East

Islamic Republic of Iran

Baku – The Islamic Republic of Iran will host the 15th ministerial meeting of the Gas Exporting Countries Forum (GECF) which will be held on November 3 in Tehran.

GECF’s financial and administrative issues as well as budget for 2014 are scheduled to be discussed at the meeting. GECF’s Secretary General will also be elected.

Iran has named Seyyed Mohammad Hossein Adeli as its candidate for the post of secretary general of the GECF, Iranian media outlets “ed Iranian Oil Minister Bijan Namdar Zanganeh, who headed the Forum. Tehran will also host the third summit of the Gas Exporting Countries Forum (GECF). The second summit of the GECF was held in Moscow in July.

The forum is a multi-layered and an intergovernmental organization of the world’s leading natural gas producers comprising Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Oman, Qatar, Russia, Trinidad and Tobago, United Arab Emirates and Venezuela.

Kazakhstan, Iraq, the Netherlands and Norway have the status of observer members.

The first GECF summit meeting was held in the Qatari capital of Doha on November 15, 2011.

The GECF was founded in 2001 in the Iranian capital, Tehran, and its member states control over 70 percent of the world’s natural gas reserves as well as more than 80 percent of the Liquefied Natural Gas (LNG) production.

The legal establishment of the forum took place on December 2008 in Moscow, where energy ministers of member states adopted the forum’s charter and signed an intergovernmental agreement.