Iran

  16 December 2014    Read: 1255
Iran
Iran
During the meeting, the member countries of GECF will examine the evolution of international gas markets, the reports of activities of the Executive Council and the Forum Secretariat as well as the organic matters including those related to its new organization.

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 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 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.

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