01/22/2021

XXI Ministerial Meeting of gas exporting countries ratifies cooperation between their member states

XXI Ministerial Meeting of gas exporting countries ratifies cooperation between their member states

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The XXI Ministerial Meeting of the Gas Exporting Countries Forum (GECF), held in Moscow this Thursday, October 3, under the presidency of the Venezuelan Minister of Popular Petroleum Power, Manuel Quevedo, culminated in the ratification of the principles of sustainable development and cooperation between its member states.

In this regard, GECF member countries underlined their commitment to the principles of sustainable development, cooperation and development in research, technology, information exchange, knowledge transfer and the exchange of best practices.

This important meeting was attended by official delegations headed by ministers and senior officials from Algeria, Bolivia, Egypt, United Arab Emirates, Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Russia, Trinidad and Tobago, Venezuela, Azerbaijan, Kazakhstan and Oman.

During the ministerial meeting, the importance of natural gas to ensure energy security and market stability in terms of balancing supply and demand was also emphasized.

The delegations attending expressed their deep concern and rejection of the extraterritorial application of laws and regulations that translate into unilateral economic sanctions in the gas sector, and in particular to GECF member countries.

Similarly, the ministers reaffirmed their determination to continue promoting natural gas as an attractive combination of environmental sustainability and economic viability, by presenting themselves as an affordable, reliable and clean energy source.

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