Trend: "Gas OPEC" of No Use to Azerbaijan

The third summit of the Gas Exporting Countries Forum (GECF), which is also called "gas OPEC", starts tomorrow in Tehran.

The difference between this summit and traditional oil one is that participants do not agree on quotas for gas production, they can not jointly influence on prices and production. But it's just temporary.

(...)

If Azerbaijan had taken a different decision and joined in the status of a permanent member there would be significant risks in terms of intervention in the decisions of the state for the production and export of gas in the future and furthermore in the decisions on pricing.

Read the full article HERE.