Azerbaijan presents bid to join GECF

Azerbaijan has officially signed up for membership in the Gas Exporting Countries Forum (GECF).

“We have presented our official demand for membership in the GECF and it will be considered during the Saturday session,” Azerbaijan’s Deputy Energy Minister Natiq Abbasov on Saturday announced.

He told IRNA that Azerbaijan is keen to attain the forum’s membership because “GECF has a drastic impact on the energy market”.

Presidents of Bolivia, Equatorial Guinea, Iraq, Nigeria, Russia, Venezuela and Algerian premier plan to participate in the summit of GECF that will open in Tehran on 23 November.

Also, President of Turkmenistan Gurbanguly Berdimuhamedow and President of Azerbaijan Ilham Aliyev, whose countries are not GECF members, are reportedly planning to participate in the summit as observer countries and guests.

In addition to heads of state and government representatives from 17 permanent and observer countries and guests, general secretaries of the Organization of Petroleum Exporting Countries (OPEC) and International Energy Forum (IEF) have confirmed their participation in the third summit meeting.

The gas forum was established in Tehran in 2001. Previous GECF gas summits were held in Qatar in 2011 and in Moscow in 2013.

The GECF is the gathering of the world’s leading gas producers that provide a framework for the exchange of experience, views, information and data, as well as coordination in gas related developments among member countries.

It consists of 17 main and observer members with its permanent secretariat located in Doha, Qatar.

Russia, Iran, Qatar, Algeria, Bolivia, Egypt, Equatorial Guinea, Libya, Nigeria, Trinidad and Tobago, Venezuela, and the United Arab Emirates are the main members of the gas exporting body. Observer countries include the Netherlands, Iraq, Oman, Peru and Norway.

GECF members account for 42 percent of global gas output, 70 percent of global gas reserves, 40 percent of pipe gas transmission, and 65 percent of global trade of Liquefied Natural Gas (LNG).

By Press TV