Posted by Matt in April 12th, 2007 |
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Russia, Iran, Qatar, Venezuela, and other members of the Gas Exporting Countries Forum (G.E.C.F.) met in Doha on April 9 amidst Western fears that Moscow may encourage the birth of a “gas O.P.E.C.” Western decision-makers fear that such a new organization could give producers of natural gas an advantage over consumers.
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Posted by Matt in April 10th, 2007 |
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In a move that raised more questions than it answered, the world’s leading natural gas producers agreed April 9 to form a committee to explore collaborative efforts (FT) at price controls. Officials from the Gas Exporting Countries Forum (GECF) member states denied any intent to form a “cartel,†but the distinction is semantic—under any label, [...]
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Posted by Matt in April 9th, 2007 |
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A bid by natural gas-producing nations for an OPEC-style alliance could actually undermine prices for exporters. Why? Oversupply and easy alternatives.
To anyone who recalls OPEC’s rise to global economic importance in the 1970s, the prospect of a similar cartel among natural gas exporters has become a cause for concern.
An oil embargo by the Organization [...]
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