New York, April 07: The world's largest natural gas producers are expected to announce the formation of a cartel at Doha, Qatar, next week but experts in the United States expect no "significant impact" on prices or production, a media repot said.
Fourteen gas-rich nations are attending the meeting of the gas exporting countries forum in Doha, Forbes said.
It said the natural gas exporters appear to be seeking only cooperation amongst themselves for now. But as was the case with OPEC when it formed in 1960, it is unclear exactly what "cooperation" will mean a decade or so down the road, when global energy markets surely will have changed.
No one is certain what the new organization will try to achieve, but experts in America say it will not be able to set prices like the oil cartel, the Organisation of Petroleum Exporting Countries (OPEC).
Posted: Sat Apr 07, 2007 12:07 am Post subject: Re: World`s gas rich nations expected to form cartel
Brings to mind the IEA head expressing concern that Gazprom isn't creating sufficient upstream investment, saying the company could be short of gas in coming years. How thoughtful of him to consider their interests. They are touched, I'm sure.
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