10 May 2024 - 12:06
  • News ID: 641318
Petroleum Minister Meets with GECF Sec. Gen.

SHANA (Tehran) -- Iranian Minister of Petroleum Javad Owji held talks with the Secretary General of the Gas Exporting Countries Forum (GECF) Mohammed Hamel on Thursday and discussed latest development in global gas market.

The GECF has nearly half of the world’s natural gas and LNG exports and has been able to maintain its strategic role to ensure stable gas supply to the world. It focuses on securing natural gas supply to regional and global markets while considering energy transition and requirements of climate change and sustainable development. The GECF has also tried to provide the ground for extensive development in order to supply natural gas and LNG as an accessible and environment-friendly energy to the world, poor countries in particular.

Meanwhile, Iran’s Deputy Petroleum Minister for International Affairs and Trading Ahmad Asadzadeh and The GECF secretary general met on Wednesday and discussed various issues global gas market is facing.

Misleading information about gas consumption in the world could cause a sharp decrease in investment in global markets, Asadzadeh said, adding, “It could also reduce new job opportunities in oil and gas industry and the GECF should follow up the issue.”

Iran, a GECF founder, plays a key role in future planning for gas market and it is arranging a new round of cooperation in gas and related industries markets, he added.

The GECF needs to take practical and effective measures in market, he noted, saying, “The member countries should play a role in pricing, creating platforms, and promoting logistics and transportation methods which could help the forum become more effective.”

Asadzadeh announced that Iran is ready to take part in various projects of the GECF members, adding, “Such visits and joint meetings could be a turning point in the cooperation between Iran and the GECF. In addition, Iran’s Research Institute of Petroleum Industry (RIPI) can play an effective role in the studies conducted by the GEFC.”

Energy transition that has been raised for many years amid climate change and environmental challenges is misused by some countries. The statistics and reports presented by some international institutions are destructive and wrong, he noted.

It is estimated gas and derivatives demand to increase in the market, he said, adding, “There is no alternative to gas and the misleading information could lead to a sharp drop in investment in international markets and reduce job opportunities in oil and gas industry.”

The GECF needs to review and decide on destructive and wrong approaches and reports, he noted.

Iran and its oil industry have always had a leading role in the projects to reduce greenhouse emission and great measures have already been taken to this end, he said, adding, “Over five billion dollars have been spent on flare gas projects.”

News ID 641318


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