Massoud Pezeshkian, the President of Iran, traveled to Russia on November 5. The purpose of this trip is to participate in the eighth summit of the Gas Exporting Countries Forum (GECF) and to discuss with Vladimir Putin, the President of Russia, and other leaders attending this summit. This summit is considered an opportunity to address strategic issues in the gas industry and to strengthen cooperation among gas-producing and exporting countries.
Details of the Eighth Summit of the Gas Exporting Countries Forum
The eighth summit of the Gas Exporting Countries Forum will be held on Tuesday in Moscow, with the participation of the leaders of member countries and their high-ranking representatives. This summit is held every two years, with the first summit taking place in 2011 in Doha, Qatar. Subsequently, Moscow hosted the summit in 2013, Tehran in 2015, Santa Cruz, Bolivia in 2017, Malabo, Equatorial Guinea in 2019, Doha in 2022, and Algiers in 2024 will host the next sessions of this summit.
Members of the Forum and Global Gas Capacities
The Gas Exporting Countries Forum consists of 12 main members, including: Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Russia, Trinidad and Tobago, the United Arab Emirates, and Venezuela. Additionally, observer countries such as Angola, Azerbaijan, Iraq, Malaysia, Mauritania, Mozambique, Peru, and Senegal are also present in this forum.
According to announced statistics, the member countries of the forum hold about 70% of the world's proven natural gas reserves and account for 38% of commercial gas production and 42% of gas exports. The share of these countries in liquefied natural gas exports is also estimated to be around 47%. These statistics indicate the importance and influence of the Gas Exporting Countries Forum in the global energy market.
