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Demands for fair gas prices in world markets
27/11/2017 12:00 am [rtl]London / Follow-up morning Natural gas exporters, who recently concluded a meeting in Bolivia, have asked for greater fairness in determining the prices of the energy-producing material. In the Declaration of Santa Cruz, the Colombian city where the conference was held, gas exporting countries said they wanted "a fair price for natural gas by taking advantage of its advantages in terms of energy efficiency and environmental benefits." Specialist in economic affairs d. Mustafa Jihad bin: that "Iraq is going to invest its gas wealth through the Gas Company of Basra, which will work to cover domestic demand and the surplus to global markets, which makes us closely monitor gas prices in light of the government's tendency to achieve a multiplicity of financial revenues." He pointed out in an interview for "morning" that "Iraq has a large reserve of free gas and natural gas, which contributes to support the federal budget with a lot of the necessary financial resources." The price of gas associated with the prices of oil and its derivatives, falling, especially because of excess supply in the shale gas in the United States. "The Forum of Gas Exporting Countries wants to encourage the use of natural gas in all its forms and sectors, including the production of energy, transport and industry, for the benefit of the whole world," the statement said. "In the coming decades, the share of oil in the energy sector will decline from 32 to 29 percent, while the share of gas will rise from 22 to 26 percent while coal will face a sharp drop from 27 to 20 percent," the forum's secretary general Mohammad Hossein Adly said. The Forum of Gas Exporting Countries includes Algeria, Egypt, the United Arab Emirates, Equatorial Guinea, Libya, Nigeria, Bolivia, Venezuela, Russia, Iran and Qatar, as well as Trinidad and Tobago. They have about 70 percent of the world's natural gas reserves. The Forum is attended by the Netherlands, Iraq, Oman, Peru, Norway, Kazakhstan and Azerbaijan as observer countries.[/rtl] | |
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