Thursday, October 23, 2008

New OPEC for Natural Gas?


In this article, the prospect of a new Natural Gas cartel - dubbed by some as G-OPEC or OGEC - comprised of Russia, Iran and Qatar - is examined.

Russia, Iran and Qatar held talks in Tehran yesterday about forming a cartel for natural gas that would resemble the OPEC cartel for oil. But the structure of the natural gas business makes it unlikely that a gas OPEC would get off the ground anytime soon.
Western nations have been trying to diversify Natural Gas sources to alleviate such a concern, which has also been exacerbated by Russia's recent foray into Georgia.

4 comments:

Winston Smith said...

Do you think this will make all Aerobiz flights to Tehran virtually impossible?

Chief said...

Remember this guy? You never wanted to send him for negotiations.

Winston Smith said...

Geraldo, top right, was schrewed in the boardroom. I nearly lost my ass when the Tokyo hotel came in at two stars.


http://0p3nfr4m3w0rk.org/install/aerobiz-2.jpg

Chief said...

Perhaps it was just as well...