Putin considers creation of ‘gas Opec’ but denies plans for cartel

Series Title
Series Details 2.2.07
Publication Date 02/02/2007
Content Type

In a meeting with foreign media, Moscow, 1 Fbruary 2007, President Vladimir Putin said that Russia was interested in the idea of a 'gas Opec' to co-ordinate supply activities and ensure energy security - but not as a price-fixing organisation. This was reinforced 8 February 2007 when Viktor Khristenko, Russian energy minister, dismissed as a 'fantasy' the idea that Russia might form an Organisation of the Petroleum Exporting Countries-style cartel for natural gas with Iran, Algeria and other countries.

Related Links
Russia Today, 13.6.08: Is Russia losing interest in a gas cartel? http://rt.com/news/
BBC News, 10.4.07: Gas producers dismiss cartel talk http://news.bbc.co.uk/1/hi/business/6538639.stm
Wikipedia: Gas Exporting Countries Forum http://en.wikipedia.org/wiki/Gas_Exporting_Countries_Forum

Subject Categories
Countries / Regions