Newsletter
Weather
Community
English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
China
World
Opinion
Business
Sci-Edu
Culture/Life
Sports
Photos
 Services
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 Search
 About China
- China at a glance
- China in brief 2004
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Ethnic minorities
- Selected Works of Deng Xiaoping
English websites of Chinese embassies




Home >> Business
UPDATED: 14:31, April 08, 2007
Iran official says no plan for "gas OPEC" at Doha forum
font size    

The world's largest gas exporters have no plans to form a gas equivalent of the oil cartel OPEC when they meet next week in Doha, capital of Qatar, a senior Iranian official said on Saturday.

Iran's OPEC governor Hossein Kazempour Ardebili told Mehr News Agency that gas powers would discuss ways to enhance cooperation rather than the formation of a "gas OPEC".

Russia, Iran, Qatar, Algeria and 10 countries at the forum, which begins on Monday, control about 42 percent of world gas production. The 12 OPEC members control about 43 percent of world oil production.

The Iranian official stressed the goal for gas producers as "not to create a cartel," but "the security of supply."

Iran was adding its voice to that of Russia to sooth the fear triggered by speculation in several Western countries about the formation of a "club of gas exporters" at the Doha forum.

Russian Minister of Industry and Energy Viktor Khristenko said on Friday that a global gas market would not be formed within 10-15 years.

"The OPEC was a reaction to the appearance of the global oil market. However, a global gas market will form no earlier than 10-15 years from now, and an organization of gas exporters will

hardly emerge before that," Khristenko was quoted as saying by the Itar-Tass news agency.

Khristenko dismissed the "gas OPEC" speculation in Western countries as seeking to "create an image of a global threat with the aim to direct eyes of their public opinion to it for diverting attention from their own problems."

World gas consumption in 2005 amounted to 2.75 trillion cubic

meters, about 6.9 percent of which was liquid Natural Gas (LNG).

According to the International Energy Agency, world demand for LNG will increase to 476 billion cubic meters by 2010, from 246

billion cubic meters at the moment.

Source: Xinhua


Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this


   Recommendation
- Text Version
- RSS Feeds
- China Forum
- Newsletter
- People's Comment
- Most Popular
 Related News
Dic

Manufacturers, Exporters, Wholesalers - Global trade starts here.
Versions:
Copyright by People's Daily Online, all rights reserved