But Europe's top suppliers, apart from Russia, argue that the new organization would help better structure long-term gas needs and coordinate capital expenditure programs.
Author: Ksenia Kochneva
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A Draft Charter for Gas-OPEC
The Forum of Gas Exporting Countries will hold its Moscow summit on Dec. 23 and will agree on a draft charter on Nov. 26.
The new charter is expected to help the largely informal alliance into a more formal organization, which could resemble the Organization of Petroleum Exporting Countries.
The OPEC-style grouping should become a permanent body, holding regular meetings to discuss key developments in the gas markets, and could include other countries besides Russia, Iran and Quatar ("gas troika") later on.
This information made the European Union and the United States nervous, becuase they are afraid that "OGEC" (Organization of Gas Exporting Countries) would manipulate with the gas prices.
But Europe's top suppliers, apart from Russia, argue that the new organization would help better structure long-term gas needs and coordinate capital expenditure programs.
Author: Ksenia Kochneva
But Europe's top suppliers, apart from Russia, argue that the new organization would help better structure long-term gas needs and coordinate capital expenditure programs.
Author: Ksenia Kochneva
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