Iran still wants GECF to control global gas price
Iran says it will discuss the international gas prices at the first summit of the heads of state of the Gas Exporting Countries Forum (GECF), which will open in Doha, the capital city of Qatar on November 15. Could Iran, holding almost 16 percent of the global gas reserves, influence the global gas prices in the current state of affairs? Iran is the only member of the GECF, which unites Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Russia, Trinidad and Tobago and Venezuela, who insists to control the international gas price by defining the protecting packages at the Forum. But to what extent does it rely on realities? One can suggest the GECF with its eleven members holding 42 percent of the global gas production, 70 percent of the world gas reserves, 38 percent of gas pipelines and 85 percent of LNG trade is giant enough to influence on international gas markets by acting similar to OPEC in determining the oil price. However, Iranian officials have been annou