RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2019-12-02 14:15:00

5TH SUMMIT GECF DECLARATION

5TH SUMMIT GECF DECLARATION

GECF - 29 November 2019 Malabo, Equatorial Guinea - Declaration of Malabo: Fifth Summit of Heads of State and Government of the GECF Member Countries

We, the Heads of State and Government of Member Countries of the Gas Exporting Countries Forum (GECF), at the invitation of His Excellency President Teodoro Obiang Nguema Mbasogo, gathered in Malabo, Equatorial Guinea, on November 29, 2019, for the 5th GECF Summit in the spirit of solidarity and cooperation:

Reaffirming the absolute and permanent sovereign rights of Member Countries over their natural gas resources;

Recalling the Declarations of the GECF Summits held in Doha, the State of Qatar, in 2011, Moscow, the Russian Federation, in 2013, Tehran, Islamic Republic of Iran, in 2015, and Santa Cruz de la Sierra, Plurinational State of Bolivia, in 2017;

Acknowledging:

a. 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;

b. The vital importance of natural gas and development of related infrastructure for ensuring global energy security and more sustainable and resilient energy systems;

c. The indispensable contribution of natural gas to the protection of the environment and, in particular, for mitigating and adapting to climate change;

d. The leading position of the GECF Member Countries, which have the largest share of natural gas resources in the world, in gas production and trade, and their willingness to develop these resources for the benefit of producers and consumers;

Reiterating:

a. Determination to strengthen global energy security as reliable suppliers of natural gas to meet the world’s growing energy demand;

b. The importance of fair value for natural gas in order to ensure sufficient investments through the entire gas value chain and the necessity for equitable risk sharing among all gas market stakeholders to sustain the security of demand and supply of natural gas;

c. The importance of coordination and cooperation among GECF Member Countries and fostering dialogue between gas producing and consuming countries to ensure unimpeded functioning and stability of the gas markets;

d. Willingness to further enhance the effectiveness of the GECF in promoting international cooperation aimed at the development of the gas industry;

e. The strategic role of the development, deployment and transfer of advanced technologies for more effective production and use of natural gas to enhance its economic and environmental benefits;

Expressing:

a. Deep concerns and disagreement as regards to unilateral economic restrictions undertaken without approval of the UN Security Council and extraterritorial application of national laws and regulations against GECF Member Countries that negatively affect the development and trade of natural gas;

b. Condemnation of pirate attacks and vandalic actions that disrupt operations of energy infrastructures.

Resolve our common determination to:

1. Promote natural gas as an affordable, abundant and reliable source of energy by encouraging the expansion of natural gas utilization domestically and internationally in different forms and sectors.

2. To enhance the contribution of natural gas as destination fuel for climate change mitigation and adaptation, and the protection of the environment;

3. Support the common interests of Member Countries, as stipulated in the Summit Declarations, GECF Statute and Long Term Strategy, through appropriate policies and measures to maximize the benefits of natural gas for economic development and social progress of our peoples;

4. Strengthen the GECF as an effective platform for the Member Countries to cooperate on issues related to natural gas by further developing expertise of the organization, mechanisms for sharing information, experience and best practices;

5. Encourage exchange of views and joint analysis of market conditions and prospects of natural gas through the appropriate GECF mechanisms, to promote international gas trade;

6. Support the fundamental role of long-term gas contracts as well as the gas pricing based on oil/oil products indexation, to ensure a stable investments in development of natural gas resources;

7. Enhance international positioning of the GECF by attracting new members, promoting dialogue between producers and consumers and broadening cooperation with the relevant intergovernmental and international organizations and entities;

8. Expand cooperation in the development, deployment and transfer of advanced technologies in the gas sector, upstream, midstream and downstream among Member Countries, in particular through the GECF Gas Research Institute;

9. Collaborate in the development of gas infrastructure and in the protection of critical gas facilities aimed at ensuring their safety, resilience to natural disasters, technological incidents and man-made threats, including malicious use of information and communication technologies;

10. Promote cooperation towards increased use of natural gas as an environmentally friendly fuel in the transport sector including maritime bunkering;

11. To promote the GECF cooperation with African countries to use gas as the core source of energy in their development programs and climate change policies, with the aim to overcome energy poverty, enhance development and to mitigate CO2 emissions.

The Heads of State and Government welcomed the proposals of the State of Qatar to host the 6th GECF Summit in 2021 and the People’s Democratic Republic of Algeria to host the 7th GECF Summit in 2023.

The Heads of State and Government of Member Countries of the Gas Exporting Countries Forum extend appreciation to His Excellency Teodoro Obiang Nguema Mbasogo, the President of the Republic of Equatorial Guinea for his excellent leadership of the 5th GECF Summit as well as the Government and People of the Republic of Equatorial Guinea for their hospitality and excellent arrangements for the 5th GECF Summit.

 

Full PDF version

-----

Log in to read the publication.

An authorized user gets access to four FREE publications per month.

You can also buy a full access to all publications of the site since January 2014.


Earlier:

5TH SUMMIT GECF DECLARATION
2019, December, 4, 11:25:00
7th ANNUAL INTERNATIONAL LNG CONGRESS RUSSIA, MOSCOW, 18-19 March 2020
Established one-of-a-kind platform for senior executives of large, medium, and small-scale Lng plants. Event: 7th Annual International LNG Congress Russia Date: 18-19 March 2020 Venue: Moscow, Baltschug Kempinski Organiser: Vostock Capital
5TH SUMMIT GECF DECLARATION
2019, November, 27, 12:05:00
GREENHOUSE GAS CONCENTRATIONS UP
Levels of heat-trapping greenhouse gases in the atmosphere have reached another new record high, according to the World Meteorological Organization. This continuing long-term trend means that future generations will be confronted with increasingly severe impacts of climate change, including rising temperatures, more extreme weather, water stress, sea level rise and disruption to marine and land ecosystems.
5TH SUMMIT GECF DECLARATION
2019, November, 25, 13:00:00
QATAR'S LNG WILL UP TO 126 MT
The estimated increase in Qatar’s LNG production comes after exploration work in the expanded North Field mega project showed that confirmed gas reserves of the field exceeded 1,760 trillion cubic feet,
5TH SUMMIT GECF DECLARATION
2019, November, 22, 12:10:00
RUSSIA'S GAS DISCOUNT: 20-25%
Last week, President Vladimir Putin said Russia wanted to resume direct gas sales to Ukraine -- and would be prepared to reduce the price Kyiv paid by 20%-25%.
5TH SUMMIT GECF DECLARATION
2019, November, 22, 12:05:00
NORD STREAM 2: 2020
The potential delay in Nord Stream 2 construction also undermines Russia's position in negotiating a new transit deal with Ukraine's Naftogaz. Ukraine transited some 87 Bcm of Russian gas to Europe in 2018 -- or some 44% of total Russian exports -- but those volumes are set to slump once the planned Nord Stream 2 and TurkStream gas pipelines come online.
5TH SUMMIT GECF DECLARATION
2019, November, 5, 14:40:00
GLOBAL CLEAN ENERGY DOWN
Current geopolitics, rife with politicization, trade wars and sanctions, will make sustainable energy goals "extremely difficult," said Eirik Waerness, Equinor's senior vice president and chief economist.
5TH SUMMIT GECF DECLARATION
2019, October, 30, 09:50:00
U.S. GAS EXPORTS UP TWICE
From January through June of 2019, U.S. net natural gas exports averaged 4.1 billion cubic feet per day (Bcf/d), more than double the average net exports in 2018 (2.0 Bcf/d),
All Publications »
Tags: GECF, GAS, CLIMATE
Chronicle:
5TH SUMMIT GECF DECLARATION
2019, December, 6, 13:35:00
GCC ECONOMY GROWTH 0.8%
overall real GDP growth in the GCC is estimated to drop to 0.8% this year compared with 2% last year.
5TH SUMMIT GECF DECLARATION
2019, December, 6, 13:25:00
TREBLING NUCLEAR POWER
Renewable energy sources alone are not capable of fully decarbonising the economy, but they can complement nuclear energy in achieving this goal. The nuclear industry, led by World Nuclear Association, has set the Harmony goal for nuclear energy to provide 25% of global electricity by 2050. This will require trebling nuclear generation from its present level.
5TH SUMMIT GECF DECLARATION
2019, December, 6, 13:20:00
NUCLEAR POWER FOR AUSTRALIA
The use of nuclear energy is currently banned under federal law in Australia. Over half those surveyed - 54% - were unaware of this.
5TH SUMMIT GECF DECLARATION
2019, December, 6, 13:15:00
RUSSIA'S NUCLEAR FUEL FOR INDIA
TVEL JSC has shipped to India the final consignment of uranium fuel pellets for BWR reactors and thereby fulfilled the relevant contract with the Department of Atomic Energy of the Government of India. The total volume of the supplied fuel pellets exceeded 50 tons, all shipments have carried out in 2019.
5TH SUMMIT GECF DECLARATION
2019, December, 6, 13:10:00
RUSSIA'S NUCLEAR FUEL FOR BULGARIA
TVEL JSC and Kozloduy NPP have signed contractual documents for supplies of Russian nuclear fuel to the Bulgarian nuclear power plant for the period up to and including 2025.
5TH SUMMIT GECF DECLARATION
2019, December, 6, 13:05:00
U.S. INTERNATIONAL TRADE DEFICIT $47.2 BLN
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $47.2 billion in October, down $3.9 billion from $51.1 billion in September,
5TH SUMMIT GECF DECLARATION
2019, December, 6, 13:00:00
U.S. COAL COMPANIES DOWN
The market capitalization of five of the top 10 U.S. coal companies was sliced by more than half from early January to mid-November 2019.
All Publications »