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GAZPROM

April 9, 2007

Gazprom delegation takes part in Gas Exporting Countries Forum in Qatar

A Gazprom delegation chaired by Alexey Miller, Chairman of the Gazprom Management Committee takes part in the Gas Exporting Countries Forum (GECF) in Doha, Qatar. The Gazprom delegation met with heads of delegations from GECF member countries to discuss the bilateral cooperation issues as well as cooperation development between major gas producers at the multisided level.

Alexey Miller highly appreciated the decisions made at the Forum on setting up a high level working group to prepare an agenda for the next meeting which will be held in Moscow as well as providing large-scale investigation of the existing gas market from the view of the gas exporting countries. Alexey Miller underscored that it will be the next important stage towards developing efficient international organization to unite the major gas exporters. “The gas market security is a top-priority issue and major players necessitate tight coordination of their activities, production and investment plans as well as export strategies. Only through joint efforts it is possible to provide demand and supply security on the hydrocarbon market as well as market development predictability. It is important both for gas suppliers and consumers,” underlined Alexey Miller.

Reference:

The State of Qatar is the world’s third-largest country by natural gas reserves. The explored reserves account for 25.8 tcm. Gas production in Qatar is concentrated in the North Field being the largest natural gas deposit in the world.

The North Field is being developed by Qatar General Petroleum Corporation.

Qatar has lately become a prominent natural gas producer and LNG exporter. The role of Qatar as gas exporter will continue growing. In 2005 the country exported some 28 bcm of LNG. Within the nearest 5-6 years Qatar’s export capabilities will see a several fold increase.

 

 

 

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