Middle East Economic Survey

VOL. LIV

No 47

21-Nov-2011

REGIONAL

GECF Holds First Summit, Calls For Fairer Gas Prices

The Gas Exporting Countries Forum (GECF) has called for fairer gas prices in comparison with other sources of energy. In a declaration issued after the organizations first summit, in Doha on 15 November, GECF said that its members recognized the importance of long term gas contracts to achieve a balanced risk sharing mechanism between producers and consumers. The statement...