Hamid Bourd today (Monday, October 25) met with Saad bin Sherida Al-Kaabi, the Minister of Energy of Qatar, and Khalifa Rajab Abdulsadiq, the Minister of Oil and Gas of Libya, on the sidelines of the 28th Gas Exporting Countries Forum (GECF) Ministerial Meeting in Moscow to discuss the development of energy cooperation between Iran and the two countries.
Development of Energy Cooperation
The caretaker of the Ministry of Oil emphasized the strategic proposals of the Islamic Republic of Iran for the GECF during this trilateral meeting and called for effective cooperation among the members of the Gas Exporting Countries Forum, especially major producers and exporters, to strengthen convergence and bilateral and multilateral dialogues.
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Bourd had recently emphasized the development of energy relations and cooperation between Iran and Qatar during a trip to Doha and a meeting with Al-Kaabi. He also discussed issues related to Iran and Libya in the Organization of the Petroleum Exporting Countries (OPEC) and the latest developments in the oil market with Rajab Abdulsadiq.
GECF Ministerial and Leaders' Meetings
The caretaker of the Ministry of Oil, who traveled to Moscow to participate in the 28th GECF Ministerial Meeting and accompany Masoud Pezeshkian, the President, at the 8th GECF Leaders' Meeting, emphasized in his speech at the meeting of oil and energy ministers of the forum the inseparable link between energy security and peace, regional stability, the security of critical infrastructure, and respect for the national sovereignty of countries. He stated that U.S. interventions and military actions, along with unilateral economic sanctions, have negatively impacted not only the legitimate interests of the Iranian nation but also the security of investment and the predictability of global energy markets.
The 8th GECF Leaders' Meeting will be held on Tuesday (October 26) in Moscow with the presence of the heads of member countries and their high-ranking representatives; a meeting that provides an opportunity to discuss strategic issues in the gas industry and strengthen cooperation among gas-producing and exporting countries.
Pezeshkian will leave Tehran for Moscow this afternoon to participate and speak at the 8th GECF Leaders' Meeting. Cooperation in the development of the natural gas market, examining trends in the liquefied natural gas (LNG) industry, and assessing investment needs to meet future demand are also among the topics of interest to this forum.
The leaders' and ministers' meetings of this forum aim 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 Gas Exporting Countries Forum has 12 main members including Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Russia, Trinidad and Tobago, the United Arab Emirates, and Venezuela. Angola, Azerbaijan, Iraq, Malaysia, Mauritania, Mozambique, Peru, and Senegal are also its observer countries.
GECF member countries 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 at around 47%.
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