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Officials from Russia’s gas monopoly Gazprom, the world’s largest gas producer, met counterparts from Iran and Qatar on October 21 to discuss setting up a natural gas cartel, similar to the oil-based Organization of Petroleum Exporting Countries (OPEC). The notion of a gas cartel was brought up in January 2007 by Iran’s supreme leader, Ayatollah Ali Khamenei, but it is now gaining momentum and may require just a few more meetings before an accord is finalised. Iran, Russia and Qatar account for nearly a third of the world’s natural gas exporters.
MOSCOW: Russia, Iran and Qatar, the three nations accounting for over 60 percent of global natural gas reserves, have agreed to set up a gas cartel on the line of the Organisation of the Petroleum Exporting Countries (Opec).
The three largest gas exporters want prices up, given their recent dramatic decline after the summer peak.
he new gas alliance established in Iran's capital Oct 21 is in fact a "big gas troika."
The Opec-style gas cartel will be finalized Nov 18 in Moscow with adoption of the group's charter, a document which has been in the works for two years ever since Iran initiated the idea. In fact, gas producing nations have had a discussion platform since 2001, the Gas Exporting Countries Forum (GECF) comprising 16 member states.
But it has no charter, its decisions are not binding on its members and it is no more than a talking club.
Adopting a single charter has been the long-standing stumbling block for a "gas Opec." Iran wants the gas cartel to be modelled after the original Opec, setting quotas for gas production thus pushing prices up while further damaging the US economy.
Originally posted by sadchild01
this is good news for oil producing and natural gas producing nations, that gas cartel and yes, very bad news and a disaster for US empire and the hypocritical west, as its power and influence is waning
this is good news for oil producing and natural gas producing nations, that gas cartel and yes, very bad news and a disaster for US empire and the hypocritical west, as its power and influence is waning , also the formation of this gas cartel will enable Russia to control energy supplies , which combined with its military capability will enable it to cripple the imperialist USA with energy manipulation and thus bring it on its knees
Originally posted by Anonymous ATS
not a surprise, with USA attacking nations across the world in name of 'freedom and democracy' , offcourse , which is nonsense,they attack to steal the poor nations resources and oil ,
so its a way , nations are fighting USA to cripple the US economy to bring its war machine to a halt
Originally posted by intelligent life
It goes much deeper than that, and it isn't the "US".
Anybody who is well read understands that the CIA works for the Federal Reserve and the players, members and other individuals owning share in those banks are from around the world. The CIA, and other private contractors, control the information flow to the pentagon and the US military.
Bottom line, the United States is a corporation owned by numerous individuals from around the world. Probably some of them live in your country.
Do your research before you spout off about the military agendas of a country, or company rather.