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Gas exporters study OPEC for natgas market model

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phantom power Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-25-10 10:32 AM
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Gas exporters study OPEC for natgas market model
MOSCOW, Oct 25 (Reuters) - Gas-producing countries are studying OPEC's experience as they try to build a global natural gas market, the head of the recently-launched Gas Exporting Countries Forum (GECF) said on Monday.

Leonid Bokhanovsky told reporters the group was set to propose a gas market model based on OPEC experience.

GECF, whose members hold about 70 percent of the world's conventional gas reserves, could be seeking to have more control over supply and demand and, eventually, gas prices.

Bokhanovsky said GECF would meet in Doha, Qatar on Dec. 2 to review a five-year plan and more long-term issues will be discussed at a more representative summit scheduled for 2011.

http://www.reuters.com/article/idUSLDE69O0NS20101025?rpc=401&feedType=RSS&feedName=rbssEnergyNews&rpc=401
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