Gas Exporting Countries Forum (GECF) was established in 2008 by suggestion of Iran and to enforce by Russia. Moreover other countries such as Qatar, Nigeria, Gina, Venezuela, Aljazeera, Egypt and Bolivia have joint the committee. The main mission of GECF is more about cooperation between Gas Exporting Countries according to perform policies. The members of GECF contain more than 70 percent of whole world gas reserves, 38 percent of transferring pipelines and 85 percent of total production of Liquid Gas around the world. Also, Iran and Russia cover more than 57 percent of Gas sources among other countries. Also, Iran has 20 percent of Gas resources around the world which is about 40 Trillion m3 respectively. Iran is one of the high potential countries in Gas and Oil production. Also, Iran is top member of GECF.
The 17th Ministerial Meeting of the Gas Exporting Countries Forum (GECF) was convened in Tehran-Iran by November 21, 2015 by host of Dr. Hasan Rouhani the president of Iran. The main point of view of the meeting was gas supply, moreover challenges for demand of gas and other production around the world according to world economy. Also one of the missions of GECF meeting was about: cooperation with the member countries and contribute to cheaper gas supplies for the consumers in the long-term.
The meeting was hold in 2 high-level meeting in order to finalize the arrangements; which first one was leading by Iran’s Minister of Petroleum Bijan Namdar Zanganeh and the second one was hold by Nigeria’s minister Emmanuel Ibe Kachikwu.
As a conclusion Iran’s minister of petroleum had last lecture in order to demand and supply equilibrium in world’s economy circumstances. Also he mentioned about challenges in Gas and Oil industry; reducing fund for project Investment, the high cost of access to modern technology, commodities price dropping. Furthermore Bijan Namdar Zanganeh suggested 6 solutions:
- .More coordination on policies for production and market issues, especially in the framework contract.
- Cooperation in International markets, energy trade institutions and financial institutions.
- Holding ministerial meeting by OPEC, IEF, IEA and other Gas producersÂ countries which are not member of GECF.
- Technology transfer and knowledge sharing among countries.
- Developing GECF
- Developing policies and political relations between gas producer countries.
Abbas Araghchi (Legal and International Affairs of the Ministry of Foreign Affairs of Iran), had a conference at the end of the meeting. He also mentioned, after Nuclear Agreement of Iran by 5+1, the GECF meeting was the first high-level meeting in Iran. Moreover, by Iran hosting for this meeting, the approach of International Market seems positive to overview of Iran’s potential in gas and oil sector. So, after lifting sanctions Iran because of resources and geostrategic location, there is potential in Iran to be a hub of trading and exporting in international markets.
All in All, the political relationships and sanctions lifting process, create an optimistic overview of Iran and in view of World Trade, Iran could reach to a great market share in International markets.