20 Apr 2010
(MENAFN) Algeria is hosting the world’s biggest gas exporters in search of a strategy to boost gas prices without hurting any members of the Gas Exporting Countries Forum (GECF), Reuters reported.
Ministers from Europe’s three biggest external gas suppliers, Russia, Algeria and Qatar, hope that the diverse group of gas exporters would find a mutually beneficial plan to halt a flood of gas that has reduced the countries’ profits for over a year.
Algeria’s Energy Minister, Chakib Khelil, said that a new model of cooperation is to be devised, beneficial to all members. He urged the ministers to work towards a stable international gas trade through efficient use of world energy resources.
It is worth mentioning that the Gas Exporting Countries Forum (GECF) members account for nearly 70 percent of the world’s conventional gas reserves. These members are suffering as demand for their product has been dampened by sluggish economic growth and an unexpected surge in alternative gas supplies in former imported gas guzzler sponge the US.
15 Jan 2025
BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
26 Dec 2024
BBK proudly supports “Celebrate Bahrain” as a gold sponsor in cooperation with BTEA
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more