The Gas Exporting Countries Forum (GECF) is planning to have its first ever summit in Qatar on Tuesday to discuss fair prices and stronger coordination among the forum’s 11 members, that include five African countries.
GECF’s African member countries are Egypt, Nigeria, Libya, Algeria and Equatorial Guinea.
The six other countries are Russia, Iran, Venezuela, Bolivia, Trinidad and Tobago and host Qatar.
Kazakhstan, Norway and the Netherlands are observers.
The GECF, whose members hold just under 70 per cent of world’s gas reserves, have been vying to establish a mechanism to set fair prices for natural gas to reflect parity with oil.
Egyptian Petroleum Minister Abdullah Ghorab is leading his country’s delegation to the Qatar forum