The 7th summit of the Forum of Gas Exporting Countries (FPEG) opened in Algiers on Saturday, aimed at safeguarding the interests of gas producers and consumers, according to Xinhua.
In his opening speech, Algerian President Abdelmadjid Tebboune stressed the crucial role of the forum in meeting contemporary challenges, advancing sustainable development and responding to growing global demand for energy.
Tebboune reaffirmed the Forum’s commitment to supporting long-term contracts, fair pricing mechanisms and substantial investment in the gas sector.
Senior officials and industry leaders from Qatar, Iraq, Mauritania, Tunisia, Iran, Senegal, Mozambique, Bolivia and Libya gathered at the summit, highlighting the diversity of nations committed to shaping the future of global energy.
The Doha-based GECF has 12 permanent members – Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Russia, Trinidad and Tobago, United Arab Emirates and Venezuela – and seven observer members.
These countries account for 69% of the world’s confirmed gas reserves, 39% of marketed production and 40% of world gas exports, according to the GECF’s official website.
TunisianMonitorOnline
