The Emir of Qatar, Sheikh Tamim bin Hamad Al-Thani, today welcomed the commitment of gas-producing countries to “ensure market stability” before leaders of major gas-producing countries gathered in Doha.
Presidents, prime ministers or ministers of eleven member countries of the Gas Exporting Countries Forum (FPEG) gathered in Doha amid a crisis between Russia and the West over the threat of gas supplies from Russia to Europe and contributing to a spike in prices. in this area.
“Russian companies are fully committed to existing contracts,” said Russian Energy Minister Nikolai Sulginov, without commenting on the situation in his country, whose relations with the West are in the worst crisis since the end of the Cold War. from Ukraine.
“We appreciate the efforts of all members (of the FPEG) who have worked hard to ensure the reliable supply of natural gas to the world market and to maintain the stability of these markets,” the Emir of Qatar told the participants.
Iranian President Ebrahim Raisi, who arrived Monday for a bilateral meeting with the Emirati leader, insisted on his country’s “significant gas production and export capabilities”.
“Despite brutal and illegal US sanctions, Iran has been able to count on its experts and has been able to adopt many strategies,” he added.
Negotiations on the Iranian nuclear dossier resumed in Vienna in November with the aim of rescuing the 2015 agreement that allowed the lifting of international economic sanctions against Iran in exchange for strict limits on its nuclear program so that it could not acquire nuclear weapons.
The US abandoned the agreement in 2018 under the presidency of Donald Trump, who considered it insufficient, and reinstated the sanctions. In retaliation, Tehran has largely violated restrictions on its nuclear activities.
According to FREG, its 11 members – Qatar, Russia, Iran, Algeria, Bolivia, Egypt, Equatorial Guinea, Libya, Nigeria, Trinidad and Tobago and Venezuela – and ten associated countries account for 70% of proven stocks. 51% of world liquefied natural gas exports.
The US and Australia, two other major exporters, are not members of the Forum.
Source: AMPE
Source: Capital
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