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Exporters to promote natural gas consumption

Nuclear & Energy

Members of the Gas Exporting Countries Forum, or GECF, met in Tehran on Monday. They agreed to promote natural gas as a clean fossil fuel, saying it's an abundant and sustainable energy source.

At the start of the meeting, Iran's President Hassan Rouhani proposed that member nations enhance coordination in production and trade. He said that common strategies will help them achieve their goals.

Officials at the International Energy Agency say natural gas consumption will grow at an average rate of two percent a year through 2020. This figure represents a downward revision by the officials, who cited the increasing use of renewable energy.

The leaders of the GECF member nations agreed in a joint declaration to redouble their efforts to expand consumption. They are planning constructive talks with gas importing countries.

There has been a rumor that the GECF might begin fixing prices. But Iran's oil minister Bijan Zanganeh indicated that the organization is not ready to do so.


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