How would the gas exporting countries forum influence gas trade?

✍ Scribed by Obindah N. Wagbara

• Book ID: 103829520
• Publisher: Elsevier Science
• Year: 2007
• Tongue: English
• Weight: 210 KB
• Volume: 35
• Category: Article
• ISSN: 0301-4215
• DOI: 10.1016/j.enpol.2006.03.017

✦ Synopsis

The cleanest burning fossil fuel, today, is natural gas. While many businesses have gone global, it has remained an exception. An impending challenge facing the industry, however, is the evolution of a cartel from the 5-year-old Gas Exporting Countries Forum. How would this new organization influence the trade of gas globally? Does its existence imply a threat to the development of gas trade? The paper reviews this fairly new organization within the context of the above questions. It is mainly a comparative study of the body in relation to OPEC's historical, political and economic development. Subsequently, the author proposes probable influence options available to the Forum and the impending consequence of such actions on the market. The outcome of this study calls for further analysis and research on new issues and questions of interest.