The essential role of natural gas in the attainment of UN Sustainable Development Goals, in particular Goal 7, as an environmentally friendly, affordable, reliable, accessible and flexible natural resource for ensuring economic development and social progress

“За почти два десятилетия ФСЭГ превратился в солидную международную организацию, помогающую газодобывающим государствам сообща продвигать свои интересы на глобальных рынках. Мы ожидаем, что в грядущие годы Форум будет играть возрастающую роль площадки для обмена мнениями, единой платформы для продвижения природного газа на мировой арене и «сверки часов» ведущих производителей газа, от которых зависит стабильность газового рынка и его будущий облик”, - подчеркнул Александр Новак.

The global economy has started to slow down in 2019, reflecting an impact from USChina trade tensions, as well as the economic cycle in the US.

The Russian Energy Minister noted that 2018 was an exceptional year for growth for the natural gas industry with consumption recording a 5% growth, the fastest growth since 2010, to average 3.95 Tcm. The trade in 2018 was also characterized by a significant growth where global pipeline gas trade increased by almost 8%, including re-export operations in Europe. LNG trade growth continued exponentially with 10% for the second consecutive year, averaging a level of around 320 Mt.

HE Mohammad Sanusi Barkindo, Secretary General of OPEC, and his GECF counterpart, HE Yury Sentyurin, signed the MoU in Moscow on the sidelines of Russian Energy Week.

GULF TIMES - As part of his official visit to Qatar, Russia’s Foreign Minister Sergei Lavrov and his accompanying delegation paid a visit to the Gas Exporting Countries Forum (GECF) Secretariat in Doha

“The advent of [more sellers of] LNG is another challenge of the gas market,” Adeli said and noted that the U.S. has utilised modern technologies to produce gas from shale, so that the country has been turned from a gas importer to an exporter. Australia, another OECD country with no interest in joining organisations that could be seen as cartels, is already an LNG exporter and its output is rising sharply over the coming few years.

“I think, Iran can become a major gas supplier to the Persian Gulf and regional markets, but European LNG markets are a tough competitive place for Iran."