Russia: Algeria Deal Revives Talk Of Gas Cartel

Is Russia — the world’s leading producer of natural gas — preparing to create a gas equivalent of the Organization of Petroleum Exporting Countries (OPEC)? The possibility of such a cartel has been discussed by Russian policymakers for years. But a “memorandum of understanding” signed between Russia and Algeria on August 4, which significantly calls for coordinated gas prices, could perhaps be a move in this direction.

The implications of creating a gas cartel could be far-reaching.
Radio Free Europe