The Third GECF Summint was held in Iran with the presence of nine presidents and prime minister, in the midst of changing dynamics in the global gas market and an imminent removal of sanctions on Iran. Previous GECF summits were held in Qatar in 2011 and in Moscow in 2013.
GECF is currently comprised of 18 member countries, including 12 main and 6 observer members. Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Russia, Trinidad and Tobago, the United Arab Emirates, and Venezuela are the forum’s main members.
Kazakhstan, Iraq, the Netherlands, Norway, Oman and Peru are observer members of the Gas Exporting Countries Forum.
The summit provided member states with an opportunity to consult and exchange views on the most important developments, trends, and policies related to energy, in general, and natural gas, in particular, and also to reaffirm their continued support for the objectives of the forum.
Iran possesses the world’s largest proven gas reserves, with a potential to become a top producer.
“Naturally, Iran with more than 33 trillion cubic meters of gas which it possesses will become a major player in the world gas trade,” Deputy Petroleum Minister Amir-Hossein Zamaninia said.