Brunei In Doha For Gas Export Forum

Doha - The 3rd Ministerial Meeting of the Gas Exporting Countries Forum (GECF) held in Doha, Qatar discussed the outcome of studies by Iran and Algeria on the framework on the implementation of gas projects and European Union Gas Market.

According to Brunei Industry and Primary Resources Ministry Pehin Dato Awang Haji Abdul Rahman, Iran has produced a database to be used by GCEF member countries, which contains frameworks on the number of models of agreements and contracts for projects in natural gas industry.

The models will become the basis for creating specific contract for each country.

Speaking about Algeria's study on the EU gas market, the Pehin Abdul Rahman said GCEF now has better understanding on the effects of energy market on any markets that cause uncertainty on demands in gas in a short-term.

The outcome of the study has also influenced the making of long-term strategies by gas exporting countries.

Pehin Abdul Rahman added that the meeting has agreed for the group of experts on gas, to continue discussing the forms and action plans, which include demands on developments models and global gas supply, the enhancement of technology and cost in gas usage and the use of compressed natural gas.

The meeting has also considered holding discussions with Asean countries on gas market development in the region.

The proposals of the group would be tabled at the next GCEF meeting to be held in Egypt.

The Emir of Qatar, His Highness Sheikh Hamad bin Khalifa Al-Thani officially opened the 3rd meeting of the Exporting Countries Forum.

Apart from Brunei and the host country, the meeting was also attended by Algeria, Egypt, Indonesia, Iran, Libya, Malaysia, Nigeria, Norway, Oman, Russia, Trinidad and Tobago and the United Arab Emirates.

Brudirect.com