20 April 2024
Gas exporting countries call for fair gas price at GECF summit
Publication date: 16 November 2011
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In its first summit held on Tuesday, the 12-member Gas Exporting Countries Forum (GECF) said a fair gas price was needed to reduce the gap between oil and gas prices. Emir of Qatar, Sheikh Hamad Bin Khalifa al-Thani, who opened the summit said increasing discrepancies between oil and gas prices were “illogical”. The Emir ruled out controlling production to influence prices, however.