The extraordinary meeting of the Executive Board of the eighth summit of the Gas Exporting Countries Forum (GECF) was held today (Sunday, November ٣) chaired by Seyed Ali Mohammad Mousavi, Deputy for International Affairs and Commerce of the Ministry of Oil in Moscow. The purpose of this meeting was to make necessary arrangements for the upcoming two-day summit and to discuss administrative issues and current affairs related to the Secretariat of this Forum.
Planning for Future Meetings
EhsaN Taqvi Nejad, Director General of OPEC Affairs, Assemblies, and International Organizations of the Ministry of Oil, announced that one of the main focuses of this meeting was to review and set the agendas for the ministerial and summit meetings of the GECF. This Forum serves as an intergovernmental framework for dialogue and coordination among natural gas producing and exporting countries.
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Summit and Ministerial Meetings
The summit and ministerial meetings of this Forum are held to exchange views on developments in gas markets, the outlook for supply and demand, energy security, and the role of natural gas in the global energy mix. The eighth summit of this Forum will be held on Tuesday (November ٥) and the twenty-eighth ministerial meeting will take place on Monday (November ٤).
The Gas Exporting Countries Forum holds its summit every two years. The first summit of this Forum was held in ٢٠١١ in Doha, Qatar, followed by Moscow in ٢٠١٣, Tehran in ٢٠١٥, Santa Cruz, Bolivia in ٢٠١٧, Malabo, Equatorial Guinea in ٢٠١٩, Doha in ٢٠٢٢, and Algiers in ٢٠٢٤ hosting the subsequent sessions of this summit. Additionally, this Forum has held ٢٧ ministerial meetings so far.
Currently, the Gas Exporting Countries Forum has ١٢ main members including Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Russia, Trinidad and Tobago, the United Arab Emirates, and Venezuela. Countries such as Angola, Azerbaijan, Iraq, Malaysia, Mauritania, Mozambique, Peru, and Senegal also participate as observer countries in this Forum.
According to announced statistics, the member countries of the Forum hold approximately ٧٠% of the world's proven natural gas reserves, ٣٨% of commercial gas production, and ٤٢% of global gas exports. Additionally, the share of these countries in liquefied natural gas exports is estimated to be around ٤٧%.
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