Analysis: Idea of `gas OPEC` worries West

Recent talks over an OPEC-like gas cartel led by Russia have worried the West; the issue is likely to be discussed — covertly at least — at this weekend`s Group of Eight summit in St. Petersburg, Russia.

‘Russia is not an energy giant, but a gas giant,’ Rahr said, adding that Moscow will do everything to use that resource advantage over the next two decades, despite official denials sent off from Moscow that a gas OPEC is in the planning.