The 28th Ministerial Meeting of the Gas Exporting Countries Forum commenced today (Monday, October 25) one day before the 8th Summit of the Forum in Moscow. This meeting aims to review gas market developments, energy security, and enhance cooperation among member countries.
Presence of Iranian Officials at the Meeting
Hamid Bourd, the head of the Ministry of Oil, has traveled to Moscow to participate in the 28th Ministerial Meeting and accompany Masoud Pezeshkian, the President, at the 8th Summit of the Gas Exporting Countries Forum. This trip is aimed at strengthening bilateral and multilateral relations in the energy sector, particularly in natural gas.
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Upcoming Meetings and Their Goals
On the eve of these meetings, an extraordinary session of the Executive Board of the Forum, chaired by Seyed Ali-Mohammad Mousavi, Deputy for International Affairs and Trade of the Ministry of Oil, was held on Sunday (October 24) in Moscow. In this meeting, coordination of the summits and ministerial meetings and the discussion and finalization of key documents, including the final statement of the summit, were addressed.
The Gas Exporting Countries Forum serves as an intergovernmental organization that provides a framework for dialogue and coordination among natural gas producing and exporting countries. The summit of member countries is held every two years, with the first meeting taking place in 2011 in Doha, Qatar. Subsequently, Moscow hosted the meeting 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.
This 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 include Angola, Azerbaijan, Iraq, Malaysia, Mauritania, Mozambique, Peru, and Senegal.
According to reported statistics, the member countries of the Gas Exporting Countries Forum collectively hold about 70% of the world's proven natural gas reserves, 38% of commercial gas production, and 42% of global gas exports. Their share of liquefied natural gas exports is also estimated to be around 47%. These statistics highlight the importance of this forum in the global supply and distribution of natural gas.
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