Will there be a gas OPEC?

The very first day of the forum made it clear that active work on setting up a gas cartel was underway although no documents to this effect were going to be signed. After the forum, Khristenko said that participants in the meeting have decided to establish a high-profile group to deal with gas prices. Although gas exporters have not yet gone for a cartel, their agreement to control and coordinate price formation is a step towards OPEC’s gas counterpart.

rian