Gas Summit promotes development of the global energy sector
In Malabo, Equatorial Guinea, the Gas Summit of the Gas Exporting Countries Forum (GECF) is developed, this is an international governmental association of world leading nations in terms of reserves and exports of natural gas. For its members, the Forum is a tool that guarantees the reliability and security of the supply and demand of gas and other energy resources.
Today the GECF represents the voice of the development in the world energy sector and its origins begin with the holding of the First Ministerial Meeting in Tehran, capital of Iran, in May 2001. This first Ministerial Meeting was convened by the Minister of Petroleum from Iran and the governments of Algeria, Brunei, Indonesia, Malaysia, Oman, Qatar, the Russian Federation, Turkmenistan and Norway (Observer) attended.
Currently the member countries of the Forum are: Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Russia, Trinidad and Tobago, United Arab Emirates and Venezuela. While Azerbaijan, Iraq, Norway, Kazakhstan, Oman, Peru and Angola have the status of observer members.
In this organization, Venezuela occupies the first place in Latin America and eighth with the largest gas reserves worldwide with 200.3 billion Normal Cubic Feet (Mmmpcn), according to resolution 044 of the Official Gazette of the Bolivarian Republic of Venezuela No. 41,648, dated June 5, 2019.
In recent years, the Forum has become a more integrated discussion platform with the consolidation of its internal structure, to develop the global gas supply and demand model with cooperation with international energy organizations.
Its objectives are promoted through the exchange of experiences, opinions, information and coordination on the following topics:
- Global trends in gas exploration and production.
- Global technologies that influence the operability of this industry, as well as the structure and developments of these markets.
- Study the interrelation of this fuel with other petroleum products, coal and other energy sources.
- Technologies and approaches for sustainable environmental management, taking into account its limitations, national regulations and multilateral agreements in this area, and its impact on the volume and sustainability in consumption of this liquid hydrocarbon.
- Approaches and techniques to maximize the contribution of natural gas resources at all stages of the value chain, in order to promote sustainable economies and the development of human resources for the benefit of member countries.
Since November 26 to 29, the Homeland of Bolívar and Chávez will raise its voice, from the V Gas Summit of this organization, to place the development of the peoples of the world as the center of energy policies.