Future of “Gas OPEC”: Greater Gas Supply, Enhanced Competition

Trend News Agency (Azerbaijan)

24 November 2015

The 3rd GECF (Gas Exporting Countries Forum) kicked off yesterday in Tehran, with heads of various states attending the event.

A senior fellow at Nanyang Technological University’s S. Rajaratnam School of International Studies, James Dorsey spoke to Trend regarding GECF’s perspectives of development and future.

“Gas is very different from oil as it more often than not involves long-term, fixed price contracts,” he said. “Having said that, the gas market like the oil market has become more volatile heightening interest in a cartel.”

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Last updated on 25/11/2015