Just to wrap up the Algiers declaration of the Gas Exporting Countries Forum (GECF) :
* Senegal ;New comer to the forum( Mozambique and Mauritania became full-fledged members).
** Heads of state of 10 countries were present, Among them : president of Iran ( 2nd biggest reserves in the world (32tcm), Qatar( 24 tcm reserves).
***The inauguration of the GECF’s Research Institute in Algiers ( GRI).
I highlight here the main points ( mostly related on what happened the previous 02 years,,, challenges and tensions ,,,and the future of natural gas ) but you can read the full declaration in the link:
1. Our condemnation of all unilateral economic restrictions undertaken without the prior approval of the United Nations Security Council.
2.The importance of medium and long-term natural gas contracts,,,,,,,
3.Our call for timely investment for market stability and unhindered flow of financial resources, access to technology, and knowledge transfer in a non-discriminatory manner;
4.Our warm welcome of the signing of the Agreement on the GECF Gas Research Institute Headquarters, based in Algiers;
5.Our rejection of any use of climate change as justification to implement measures that hinder investments in natural gas projects
6.Our rejection of any artificial interventions in natural gas markets,,,, as well as the imposition of politically-driven price caps,,,,,
RANADRILL CONSULTING
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Read the full declaration in the link below:
