Iran, Algeria, Qatar, Russia Move to Create Gas Cartel

A03779683.jpgTEHRAN (FNA)- Tehran’s Ambassador to Moscow Gholamreza Ansari said that Iran, Algeria, Qatar and Russia are holding consultations on the creation of an OPEC like gas cartel, with the structure of the organization being the main topic on the agenda.

“Now gas producers are in talks and consultations on the creation of a certain OPEC like structure. We hope that the creation of a relevant organization will be a result of the talks, which we view in a positive manner,” Ansari said in an interview with Interfax.

“We hope that the creation of this organization will bring good not only to producers but also consumers, and will contribute to the efficient use of this type of energy,” he added.

The envoy further pointed out that the issue whether the OPEC like gas cartel would give up the US dollar as the currency for its operations was not on the agenda.

“Of course, one of the issues, which this organization will address, deals with gas deliveries to international markets. However, it seems to me that the structure of the organization is a priority now,” the diplomat reiterated.

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